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

  • John A. Barbour, President, Buchanan Ingersoll & Rooney PC

  • David J. Malone, Chair, Strategic Investment Fund; Chair, Gateway Financial Group, Inc.

  • Helen Hanna Casey, President, Residential Sales, Howard Hanna Real Estate Services

  • Gretchen R. Haggerty, Retired Executive Vice President, Treasurer and Chief Financial Officer, United States Steel Corporation

  • Sylvan M. Holzer, Retired Special Advisor to the Chairman, The PNC Financial Services Group, Inc.

  • 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.