Venture Fund Member Profile
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The New York City Investment Fund is a private fund with a civic mission. The fund was the vision of Henry R. Kravis, founding partner of Kohlberg Kravis Roberts & Co., who serves as its Co-Chairman. His goal was to mobilize the city's financial and business leaders to help build a stronger and more diversified local economy. To that end, the Fund has built a network of top experts from the investment and corporate communities who help identify and support New York City's most promising entrepreneurs in both the for-profit and not-for-profit sectors.
The Fund was established in late 1996, under the auspices of the nonprofit The Partnership for New York City. 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 $100 million. Its investments typically range in size from $1 million to $3 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 is seeking to exit in about five years. To date, the Fund has invested in over seventy projects. The Fund also established the Financial Recovery Fund (PDF 361K) and raised over $12 million (including a $1 million contribution from the Civic Capital Corporation) to provide recoverable grants to small businesses impacted by the events of September 11.
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Maria Gotsch
CEO and President
New York City Investment Fund |
Maria is the President and CEO at the New York City Investment Fund and also serves as President of the Fund's Civic Capital Corporation, which manages the Fund's charitable investments. Prior to joining the Fund in 1999, Maria was a Managing Director at BT Wolfensohn (now part of Deutsche Bank), providing strategic and financial advice related to mergers, acquisitions, dispositions, joint ventures and the development of business strategies. Before starting with Wolfensohn, Maria worked at LaSalle Partners in the New York area and for Merrill Lynch Capital Markets in New York and London. Maria has an MBA from Harvard Business School and a B.A. from Wellesley College.
Representative Investments
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Vault.com A media company that concentrates in both print and Internet channels on information related to careers and the human resources industry.
Vault provides career information for more than 30 professional industries and focuses on investment banking, law, consulting and media firms, all strongholds in the New York market. |
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Harlem Lanes a start-up African-American/women-owned, 24-lane bowling facility located at 126th Street and Adam Clayton Powell Boulevard, around the corner from the Apollo Theater. Similar to other top-grossing bowling facilities, Harlem Lanes has a restaurant, sports bar, arcade, pro shop, and party rooms catering to individuals, families, and corporations. |
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Creditex Founded in 1999, Creditex is an Internet-based platform for the credit derivatives market. Primary products and services include electronic trading platform for credit derivatives; single name credit default swap brokerage; structured products; credit derivatives data sales; and credit derivatives research and analytics. The company has offices in New York, London and Singapore. |
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7th Online A web-based merchandising technology that improves communication between vendors and retailers during the procurement process. 7th Online’s tools facilitate retailers’ orders with vendors, which helps vendors produce product more efficiently. The apparel industry is important to New York City’s economy and 7th Online offers an opportunity to further enhance the retail sector. |
Maria participated in the FundingPost event: Perfect Venture Conference IV
on November 3 and 4, 2008 in NY, Sponsored by Credit Suisse, Ross & Company, Wolf Block, Shelowitz & Associates, Geller & Company
To list your Company on our website and make your profile available to Maria and 7,500+ other VCs and Angel Investors, Click Here.
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