The need for a complimentary private sector financing resource inspired the Allegheny Conference on Community Development to create the Strategic Investment Fund. The Fund’s original $40.3 million pool of private capital was created in 1996 to fill financing gaps in critical economic development projects throughout the region. Thirty-three corporations, foundations and individuals helped to capitalize the initial fund. A Second Fund was closed in 2002 with capitalization of $29.7 million provided by 27 Investors, 20 of whom are repeat investors from the original Fund.
Board of Directors
David J. Malone, Chair, Strategic Investment Fund; Chair, Gateway Financial Group, Inc.
Sylvan M. Holzer, Retired Special Advisor to the Chairman, The PNC Financial Services Group, Inc.
John A. Barbour, President, Buchanan Ingersoll & Rooney PC
Helen Hanna Casey, President, Residential Sales, Howard Hanna Real Estate Services
Steven J. Guy, Chief Executive Officer, Oxford Development Company
Gretchen R. Haggerty, Retired Executive Vice President, Treasurer and Chief Financial Officer, United States Steel Corporation
William E. Hunt, President and Chief Executive Officer, The Elmhurst Group
Eric C. Johnson, Chairman and Chief Financial Officer, The Hillman Company
David Morehouse, Chief Executive Officer, Pittsburgh Penguins
Grant Oliphant, President, The Heinz Endowments
Daniel A. Onorato, Executive Vice President, Chief External Affairs & Communications Officer, Highmark, Inc.
Stefani Pashman, Chief Executive Officer, Allegheny Conference on Community Development
Laurel Randi, Executive Director, McCune Foundation
Investment Advisory Committee
Joseph L. Calihan, President, Calihan Family Foundation
Dwight M. Keating, Vice President, Claude Worthington Benedum Foundation
James W. Keating, Jr., Retired Senior Vice President, Pittsburgh Team Leader, Commercial Real Estate, First Niagara Financial Group
Janel M. Skelley, Secretary/Treasurer, Allegheny Conference on Community Development
Heather H. Tillman, Executive Assistant, Strategic Investment Fund, Inc.