Senior Director, NY Ventures,Fund Partner Programs

Senior Director Of Venture Capital

Oversee the execution and strategic scaling of NY State's venture fund partnerships, including the Emerging and Regional Manager and Community Partner funds. Direct the recruitment and management of fund partners to expand capital access for entrepreneurs statewide. Under leadership of NY Ventures Managing Director, work with an integrated team to provide investment reporting, cross-agency collaboration, and the development of future initiatives to drive New York's high-growth innovation economy.

The Emerging and Regional Partner and Community and Regional Partner program funds, are the "fund of funds" programs that NY Ventures created and administers. Funded with $144M of State Small Business Credit Initiative capital from US Treasury, these programs are designed to increase access to capital for innovative start-up companies with high growth potential across New York State, to help close gaps in access to venture capital due to location, industry or background.

NY Ventures is the venture capital group under the Small Business & Technology Development Division at Empire State Development (ESD), the economic development agency of New York State. The team at NY Ventures manages over $300M of funds for its direct investments in startups and its fund of funds programs. New York Ventures mission is to fuel innovation and startup growth in strategic sectors across all of NYS by providing venture capital investing that drives long-term economic progress.

Work Performed:

• Lead the effort to recruit, identify and select investment funds including diligence process, coordinating with other team members for evaluation and preparing final investment recommendations to the Managing Director and the ESD Board of Directors.
• Cultivate and manage industry partner relationships to grow and build awareness and pipeline of applications for the multi-fund programs, especially those focused on serving Socially and Economically Disadvantaged Individual (SEDI)-led companies.
• Manage day-to-day operations of the program including relationships with fund managers and supporting the success of their operations.
• Coordinate with outside and internal legal counsel to secure Limited Partner Agreements for new investment funds.
• Develop, track, monitor and report success of overall program outcomes to internal and external stakeholders, including quarterly and annual reports to US Treasury.
• Represent ESD and/or NY Ventures at conferences and meetings, make presentations and participate in panel discussions regarding building and scaling startup companies and communities to build awareness of all NY Ventures programs.
• Travel an average of 30% of time, primarily in state.
• Working effectively with other colleagues within ESD and the State to further the development of the work of NY Ventures and the Small Business and Technology Development Division including developing new programs that support startup companies and communities.
• Manage other projects as needed and requested by the NY Ventures Managing Director within the Small Business and Technology Division.