Artifact Details


Cloherty, Patricia oral history

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Patricia Cloherty is chairman and chief executive officer of Delta Private Equity Partners, LLC, and manager of the U.S. Russia Investment Fund and Delta Russia Fund, L.P. In 1995, President Clinton appointed Cloherty as a board member of the U.S. Russia Investment Fund with $440 million of investment capital. In 1998 she assumed the role of chairman, and in 2004 she became chairman and chief executive officer of the U.S. Russia Investment Fund's general partner, Delta Private Equity Partners. The funds made direct equity investments in Russian companies in the financial services sector, consumer-related industries, the media, telecommunications, semiconductor and biotechnology fields.

Pat began her career in venture capital with Patricof & Co. in 1969. She was named partner and later president and co-chair of the firm, with founder Alan Patricof. In 1991 she was appointed chairman of an Investment Advisory Council to revamp the Small Business Investment Company program of the U.S. Small Business Administration by President G. H. W. Bush. Prior to that, Pat served as the deputy administrator of the U.S. Small Business Administration, appointed by President Carter.She withdrew from Apax Partners in 2000.

Pat Cloherty has served as a director of NYSE Euronext since April 2009. She is a trustee of International House of New York, Teachers College, Columbia University and the Ewing Marion Kauffman Foundation, and is a member of the Council on Foreign Relations. Pat was also a president and chairman of the National Venture Capital Association. attending the first meeting of NVCA in 1973. Forbes Magazine had twice named Pat Cloherty to its “Midas LIst” of the 100 most influential deal-makers and investors in the world. In 2008, Russian President Vladimir Putin signed a decree awarding Patricia Cloherty the Order of Friendship for her contribution to the development of Russian business and for strengthening friendship and cooperation between the Russian Federation and the United States of America.

Pat earned a BA San Francisco College for Women, (now part of the University of San Francisco), in 1963. Following graduation, Pat spent two years in Brazil in the newly created Peace Corps. Subsequently she earned two masters degrees from Columbia University.




Cloherty, Patricia, Interviewee
Kolker, Carole, Interviewer


National Venture Capital Association (NVCA)

Place of Publication

New York City, NY


50 p.





Collection Title

NVCA-Venture Forward Oral History Collection


Gift of National Venture Capital Association

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