ED  Partnership Fund

http://www.nycif.org





     Office Locations:

One Battery Park Plaza, 5th Floor
New York, NY 10004
Phone: 212-493-7400
Fax: 212-344-3344

 

Stages:

  • Early
  • Growth
  • Seed


 

Industries:

  • Energy & Clean Tech
  • Information Technology
  • Life Sciences & Healthcare

  •  

    Description:

    The Partnership Fund is a private fund with a civic mission. The fund, established in 1996, under the auspices of the nonprofit Partnership for New York City, was the vision of Henry R. Kravis, founding partner of Kohlberg Kravis Roberts & Co., who serves as its Co-Chairman. It was initially capitalized by contributions of $1 million each from sixty-seven individual and corporate investors, who invested for the good of the city and without expectation of financial returns. This is an evergreen fund, in which realized gains are reinvested in other worthwhile projects. The Fund has raised in excess of $120 million and its investments typically range in size from $1 million to $5 million. The Fund provides equity or debt, structured to meet the needs of the project. It will invest at any stage of business development, but seeks to exit in about five years. To date, the Fund has invested in over eighty projects. The Fund also established the Financial Recovery Fund and raised over $11 million (including a $1 million contribution from the Civic Capital Corporation) to provide 88 recoverable grants to small businesses impacted by the events of September 11. The key criterion for investment is that the venture is likely to generate benefits for New York City and its communities. Priorities include job creation, revitalization of distressed areas and innovative ideas or products that position New York at the cutting edge of growth sector industries. The Fund invests in technology companies but only alongside an experienced lead venture capital investor. Since inception, the Partnership Fund has invested in excess of $135 million in over 150 exemplary projects.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription or New York Database subscription.
    Alberta Torres Portfolio Manager
    Anthony Giugliano Chief Financial Officer
    Benjamin Bernstein Associate
    Ebony M. Livingston Program Manager
    Laurie J. Giddins Senior Vice President

     

    Portfolio companies include:


      3rd Ward
        web link


      7thOnline
        web link


      American Bank Note Building
        web link


      Bien Cuit
        web link


      BioAccelerate NYC Prize
        web link


      C3i
        web link


      Centripetal Networks
        web link


      China Center New York
        web link


      Cureatr
        web link


      Digital Reasoning
        web link


      Dual Therapeutics
        web link


      Energyhub
        web link


      ERSP Lab Space Loan Fund
        web link


      Freelancers Union
        web link


      Grameen America
        web link


      HarlemLanes
        web link


      Hot Bread Kitchen
        web link


      ImageSpan
        web link


      Independence Care System
        web link


      Intra-Cellular Therapies
        web link


      Karos Pharmaceuticals
        web link


      Kasisto
        web link


      Kings County Distillery
        web link


      New York Genome Center
        web link


      NY Accelerator Corp
        web link


      NYC Seed
        web link


      NYC Tech Connect
        web link


      OASIS
        web link


      Outside.in
        web link


      OwnEnergy
        web link


      PIN Pharma
        web link


      QualityHealth
        web link


      Red Rabbit
        web link


      Repairogen
        web link


      schoolnet
        web link


      Scratch Music Group
        web link


      Seaview Senior Living
        web link


      Solar Energy Systems
        web link


      Thumplay
        web link


      Trey Whitfield School
        web link


      trueEx
        web link


      Tx/Vi
        web link


      US Energy Group
        web link


      Vivaldi Biosciences
        web link


      Voxy
        web link


     

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