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 Founding 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 $110 million. 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 is seeking to exit in about five years. To date, the Fund has invested in over eighty projects.
In response to other targeted needs that have arisen in the city, the Fund has created special purpose programs to address those needs.
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Jalak Jobanputra
Senior Vice President
New York City Investment Fund |
Jalak is Senior Vice President at the New York City Investment Fund and manages the Fund's investments in the information technology, media and cleantech sectors. Prior to joining the Fund, Jalak was a Principal at New Venture Partners, a $300M early stage venture fund where she was a director of Procelerate Technologies and Real Time Content. Previously, Ms. Jobanputra worked at Intel Capital where she led and managed strategic investments in software, digital media and services companies.
Prior to receiving her MBA, Jalak worked as a Product Manager at an online financial services start-up, and as a media and tech investment banker at Lehman Brothers and Broadview Associates in NYC and London. She has also consulted for the United Nations Development Programme in Dar es Salaam, Tanzania as well as several education nonprofits, including The Big Picture School (Providence, RI), Jobs for the Future (Boston), and the Fenway Institute (Boston).
Jalak holds an MBA from the Kellogg School of Management at Northwestern University, a BS in Economics magna cum laude from the Wharton School, and a BA in Communications magna cum laude from the Annenberg School at the University of Pennsylvania. She is currently a Trustee of the Achievement First Bushwick Charter School in Brooklyn and a member of Echoing Green's junior board.
Representative Investments
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Harlem Lanes Start-up African-American/women-owned, bowling facility.
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7thOnline Web-based merchandise solutions for the apparel, footwear, and accessories industries.
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Vivaldi Biosciences Biopharmaceutical company developing vaccines for the prevention of seasonal influenza and pandemic flu.
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C3i Provides Customer Relationship Management services primarily for the pharmaceutical industry.
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Jalak participated in the FundingPost event: Perfect Venture Conference V
on November 12, 2009 in NY, Sponsored by Duane Morris, Shelowitz & Associates, TriNet
To list your Company on our website and make your profile available to Jalak and 7,500+ other VCs and Angel Investors, Click Here.
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