Dhruv Prasad joined MidOcean’s Executive Board in 2019 and brings valuable experience as an accomplished media and entertainment entrepreneur, investor and operating executive. Prior to joining MidOcean, Mr. Prasad most recently co-founded Townsquare Media, Inc. (NYSE: TSQ) in 2010 and served as Co-CEO from 2017 to 2019, as well as a member of the company’s Board of Directors. Townsquare is a diversified media, marketing solutions, and entertainment company whose asset portfolio includes 321 radio stations and 330 local websites in 67 U.S. markets, a digital marketing solutions division, a proprietary digital programmatic advertising platform, and approximately 200 annual live events with over one million attendees each year. Prior to his appointment as co-CEO of Townsquare, he served as EVP – Live Events from 2012 to 2017 and SVP – Strategy & Operations from 2010 to 2012. The company is the third-largest owner of radio stations in America.
As a Co-Founder of Townsquare, Mr. Prasad was part of the team that formed the company’s initial business plan; identified, executed, and integrated over 40 acquisitions over a nine-year period; and recruited its senior management team. He was a principal in nearly $1 billion of total debt financing and Townsquare’s 2014 Initial Public Offering of equity on the New York Stock Exchange. During his tenure as Co-CEO, he led a successful reset of Townsquare’s business strategy, resulting in revenue and EBITDA growth results at the top of the industry, as well as significant gains in employee engagement. He is an experienced creator, producer, curator, and marketer of several successful branded live entertainment properties in music, family entertainment, and lifestyle categories such as the Taste of Country Music Festival, the Insane Inflatable 5K, and the America on Tap craft beer festival series.
Prior to Townsquare, Mr. Prasad worked in private equity investing and corporate finance, completing transactions in media, communications, financial services, real estate, and technology and worked as a private equity investor at Thomas H. Lee Partners and Spectrum Equity Investors. Mr. Prasad began his career in the Investment Banking Division of Salomon Smith Barney.
- Dartmouth College, B.A., cum laude
- University of Pennsylvania, Wharton School, M.B.A.