Delta Private Equity Partners, a manager of two private equity funds, is pleased to announce that its Chairman and CEO Patricia M. Cloherty has been elected to the Board of Directors of NYSE Euronext (New York Stock Exchange).
Over the past 35 years, Pat Cloherty has played an important role in shaping venture capital as known today in the US, the UK, France, Germany, Israel, Japan and Russia. She is former Co-Chairman, President and General Partner of Apax Partners, Inc. (formerly Patricof & Co. Ventures, inc.), a multi-billion-dollar private equity company that she joined in 1970, and from which she withdrew in 2000. She is a past President and Chairman of the National Venture Capital Association of the United States. In Russia, Pat has been working since 1995, when President Clinton appointed her to the Board of The U.S. Russia Investment Fund, managed by Delta Private Equity Partners. In 1998-2004, she was pro bono Chairman of the Fund, and since 2003 Pat has been Chairman and Chief Executive Officer of Delta Private Equity Partners.
Pat is a recipient of many distinguished awards. On March 17, 2008 then President of the Russian Federation Vladimir Putin signed a decree awarding Pat the Order of Friendship for her major contribution to the development of Russian business and for strengthening friendship and cooperation between the Russian Federation and the United States of America. In 2007, Ms. Cloherty received the Woodrow Wilson Award for Corporate Citizenship from the Kennan Center of the Woodrow Wilson Institute for International Scholars. It is given to executives who have shown deep concern for the common good by their example and through business practices that advance the long-term interests of their firms, their employees, and their shareholders. Earlier in 2007, the Russian Academy of Business granted Pat the Darin award for her significant and long-standing contribution to the creation of the new Russian economy, and the Moscow Government gave Pat an award for her outstanding contribution to the development of entrepreneurship in Russia and for establishing and supporting small business in the country.
Pat brings in-depth knowledge of the Russian, American and European markets, a wealth of experience, the passion for growth and results, and extraordinary energy that will greatly benefit NYSE Euronext.
Commenting on her appointment, Pat Cloherty noted: "I am delighted and deeply honored to become a member of the Board of NYSE Euronext and to apply my knowledge and experience to the investment market worldwide. I look forward to working with NYSE Euronext’s team."
While serving on the NYSE Board, Pat remains Chairman and CEO of Delta Private Equity Partners.
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About Delta Private Equity Partners
Delta Private Equity Partners ("DPEP") is a leading private equity manager dedicated to developing and funding fast growing companies in Russia that possess the potential to become market leaders. It has invested over $450 million in 55 Russian companies through The U.S. Russia Investment Fund established in 1994, and through Delta Russia Fund, a successor private fund formed in 2004. For more information, please visit Delta’s website at www.dpep.com.
About NYSE Euronext
NYSE Euronext (NYX) is the world’s most diverse exchange group, offering a broad and growing array of financial products and services in Europe and the United States that include cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions. With over 8,000 listed issues globally, NYSE Euronext’s equities markets – the New York Stock Exchange, Euronext, NYSE Arca, and NYSE Amex – represent nearly 40% of the world’s cash equities trading volume, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, the leading European derivatives business and the world’s second largest derivatives business by value of trading. NYSE Euronext offers comprehensive global commercial technology, connectivity, and market datat products and services through its innovative trading solutions unit, NYSE Technologies. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit: www.nyx.com
