Adam Johnston has joined Candescent Capital Ventures, a private equity firm specializing in investments in the prop-tech space, as senior vice president, chief program management and valuation officer.
Johnston is an experienced industry veteran. Over the past 20 years, he has served in key leadership roles in mortgage banking, private mortgage insurance, and appraisal management. His background includes risk management, operations, quality control, regulatory compliance, process improvement, and project management.
Johnston is a certified real estate appraiser with advanced professional appraisal designations, project management designations, and process improvement credentials. He has led complex business projects and integrations for mergers and acquisitions.
In his new role, Johnston will drive the strategic execution and alignment of innovative products and services being developed in Candescent’s portfolio of companies.
“Adam’s diverse background in valuations, collateral risk, mortgage lending, mortgage insurance, and program management will be instrumental to the future plans of Candescent Capital Ventures and its subsidiaries,” says Mark Linné, CEO of Candescent Capital Ventures, in a release. “Our companies will be doing some very exciting work over the next 18 months and Adam will be one key to our success.”