Senior Management


TERY LARREW, Founder & Managing Partner

Tery Larrew is the Founder and Managing Partner of Caddis Capital Investments, LLC and its predecessor, Caddis Capital, LLC.  The Caddis charter is to provide private investors with exclusive access to unique, income generating investments. In its funds, Caddis specializes in income oriented real estate investments with strong equity appreciation that focus on income producing real estate specifically Manufactured Home Communities, Self-Storage Units, Parking Facilities and Student Housing. Caddis Capital Investments differentiates itself in many ways but consistent income to investors while maintaining a significant equity appreciation is primary.

Prior to founding the Caddis family of companies, Larrew led a myriad of successful firms as CEO, Founder/Co-Founder including: Mid-Continent Computer Services, Inc., Pinnacle Management LLC, Customer Insight Company, Inc., Update Systems, Inc., IQ3G, Inc., Vericept Corporation and NextConnect LLC.  He has excelled in leading each company to unprecedented revenue and profitability levels, resulting in desired events for each entity.

Tery is a Colorado native and a graduate of Colorado State University with a Bachelor of Science in business administration.  At CSU, Tery was a three-year varsity basketball player and he was honored as the Outstanding Defensive Player three times; All-Conference Player twice; Most Valuable Player and Academic All-American. In 1976, Larrew received the Merrill-Gheen Award which was presented to the most outstanding male athlete based upon his record in activities, athletics and academics. He was also awarded the Distinguished Alumni Award from the College of Business in 1981.

Larrew currently serves on the board of directors of numerous private companies. He is an avid sportsman and is married to Julie Larrew with six adult children.

stephanieSTEPHANIE SCHERPENSEEL, CPA, CGMA, Chief Operating & Chief Financial Officer

Stephanie has been working with Caddis Capital since its formation in 2006. During this time Stephanie has contributed over 35 years’ experience and expertise in accounting, finance and operations. In May of 2012, Caddis appointed her Chief Financial Officer and in 2017 she also became Caddis’ Chief Operating Officer. In this role Stephanie directs all accounting, finance, investor relations, facilities management and a significant portion of the asset management of the company.

Prior to joining Caddis Capital, Stephanie was the founder of a successful accounting practice that provided financial management and operational accounting services. She focused on companies in private equity, energy and technology sectors. During this time, Stephanie also worked with two regional CPA firms providing auditing services for entrepreneurial firms and not-for-profit organizations.

Additionally, Stephanie was a key member of Woodward Clyde Consultants, a $320M environmental engineering firm. She led all accounting functions including: company consolidations, financial reporting, operational accounting and treasury management functions during a significant growth phase culminating in the successful sale of the company to URS, a worldwide environmental engineering company listed on the NYSE. Prior to Woodward Clyde, Stephanie worked for various oil and gas firms including Apache Corporation and Western Energy Development.

Stephanie is a fellow member of the Colorado Society of CPAs (CSCPA) and the American Institute of CPAs (AICPA). She earned a Bachelor’s degree in Biology from Colorado State University and a Bachelor’s degree in Accounting from Regis University where she graduated Magna Cum Laude. Stephanie supports various not-for-profit organizations and served on the board of The Gathering Place. She is married to Chris and has two adult children.


Advisory Board

AhernKEVIN W. AHERN, CFA, Executive Advisor

Kevin Ahearn is Managing Partner of Colorow Capital Partners, LLC and Chairman of the Board of Citywide Banks. Mr. Ahern has over 30 years as an executive, operator, entrepreneur, and investor in the financial services industry including commercial banking, investment management and trust, asset-liability management, alternative investments, insurance, and mergers and acquisitions.  He is an active investor and has served as a director on a number of privately held companies.  Mr. Ahern has led or been part of the negotiation and execution teams on over 20 M&A transactions and has invested and operated start-up business ventures in the financial services space.

Mr. Ahern is the former Founder, Chairman, and CEO of CIC Bancshares, a bank holding company that was formed in 2009. CIC Bancshares, and its subsidiary bank, Centennial Bank, was acquired by Heartland Financial USA in February of 2016.  Under Mr. Ahern’s leadership, CIC raised over $65 million in capital from 2010-2015 and grew assets from $25 million to over $750 million with a strategic focus on both organic growth and accretive acquisitions.  CIC employed over 140 employees at the time of its sale to Heartland.  He continues to serve as Chairman of the Board for Citywide Banks, a $2.3 billion Colorado chartered community bank and Heartland Financial member bank.

From 2005 to 2008, Mr. Ahern served as President and COO of Braddock Financial Corporation, a Colorado-based alternative asset management and private equity firm with a focus on the mortgage and asset-backed securitization sector.  Prior to Braddock, from 1999-2005, Mr. Ahern served as an Executive VP in the C-Suite of CoBiz Financial (Nasdaq: COBZ).  At CoBiz, Mr. Ahern served as Treasurer of Colorado Business Bank and Arizona Business Bank and managed the ALCO process for the company.  He also managed mergers and acquisitions initiatives for the company during the execution of eight successful transactions. He had management responsibilities for five fee-based business units including middle market investment banking, leasing, trust and wealth management, employee benefits and life insurance brokerage, and property and casualty insurance brokerage.

Prior to CoBiz, Mr. Ahern held positions with Aetna Investment Management (1986-1991), ING Investment Management (1991-1997), and Sterling Partners (1997-1999) as a fixed income analyst, MBS and ABS trader portfolio manager, chief investment officer, and M&A team member.

Mr. Ahern currently serves on the Board of Trustees for the University of Northern Colorado. He is also currently an adjunct professor at the Monfort College of Business.  Mr. Ahern serves on the Ace Scholarships Board of Trustees. He is also an active member and former board member of YPO-Gold Rocky Mountain.  Mr. Ahern serves on the advisory board of Caddis Capital Investments, a fund manager in the manufactured housing and self-storage sector.

A Chartered Financial Analyst, Mr. Ahern received an MBA with an emphasis in Finance from the University of Connecticut in 1991 and a BS in Business Administration (Finance and Insurance) from the University of Northern Colorado in 1985.


STUART ASSELIN, Executive Advisor

Stuart Asselin is a Principal in U.S. Land Professionals, Inc., a full-service real estate right-of-way acquisition and permitting company serving the energy industry with projects throughout the United States. Mr. Asselin has been an Executive Advisor to Caddis Capital Investments since 2012.

Mr. Asselin recently served as Executive Vice President of Engineering and Operations for a midstream company with assets in the Niobrara and Bakken, where he managed $30MM of pipeline, compression, and gas processing projects. He currently is an owner of a right-of-way and permitting company focusing on pipeline projects throughout the United States.

From 1993 to 2007, Mr. Asselin was an owner/partner, project manager, and area manager of Trigon EPC, a 350-man pipeline and facilities engineering and field services firm headquartered in Denver. Mr. Asselin also served as construction manager for Trigon’s projects in Algeria. CH2M HILL, a 30,000 employee international engineering firm, acquired Trigon EPC in late 2007. Mr. Asselin then served as a Vice President and Officer of CH2M HILL through 2010, where he led engineering business development and sales in oil/gas midstream markets, then the western United States for oil/gas, mining, and chemicals divisions, and built the Shale Energy Services group for CH2M HILL.

Prior to his work with Trigon EPC, Mr. Asselin worked for Public Service Company of New Mexico as Manager of Engineering and Plant Services at PNM’s 1,700 MW coal-fired San Juan Generating Station. He also served as Manager of Engineering and Construction for the Gas Company of New Mexico’s gas gathering and pipeline assets.

Mr. Asselin is a registered professional engineer, with a degree in Civil Engineering from New Mexico State University. He has served on the Colorado Oil and Gas Association Board of Directors, and currently serves as a Board member of the Interstate Natural Gas Association of America Foundation. Mr. Asselin served the Denver Museum of Nature and Science for eight years as the Chairman of the Corporate Membership Committee.

Mr. Asselin is married to Rosann, with two grown daughters and three grandchildren, and is an avid scuba diver and underwater photographer, traveling the world with Rosann diving several times a year. Mr. Asselin also enjoys mountain biking, motorcycling, camping and hiking in the mountains of Colorado and the West.

DOUG REESE, Executive Advisor

Doug Reese is founder and President of Wealth Associates, Inc., a financial advisory firm based in the Denver area. Since the firm’s inception in 1991 Doug has served as business and personal financial advisor as well as investment manager for over 500 business owners and executives in 46 states. His firm provides highly personalized financial services to high net worth individuals and privately held businesses, specializing in restructuring programs for businesses that have either experienced distressed operating conditions and require work-out plans, or those that have outgrown their current operating model and require expansion capital and infrastructure build-out plans.

Doug has nearly 30 years of experience in investment management and financial planning and has worked as an analyst, portfolio manager, interim CFO for many clients, and financial advisor on corporate mergers and acquisition strategies.

Doug has served in various roles as advisor or board member to groups including the Christian Medical & Dental Association (Bristol, TN), the Dawson Academy and Peter E. Dawson Foundation (St. Pete, FL), the Fish & Cross Ranch (Steamboat, CO), and has been actively involved as a major donor and volunteer in organizations including the Alzheimer’s Association of Colorado and United Cerebral Palsy of Colorado.

Doug received an MBA with an emphasis in Financial Planning (’86), and a BS in Finance (’85) from Western Illinois University, and was recently honored by his alma mater as the 2016 recipient of the WIU Alumni Achievement Award. Doug was born in Illinois and has spent the past 30 years in Colorado where he enjoys the Rocky Mountains with his wife and two children.