Patricia Cloherty

Patricia Cloherty
Alma mater	San Francisco College for Women Columbia University
Occupation	Businesswoman

Patricia (Pat) Cloherty is an American businesswoman, company director, and private equity financier. She was the chairman and CEO of Delta Private Equity Partners. Cloherty served as manager of The U.S. Russia Investment Fund and Delta Russia Fund, two venture capital funds which operated in Russia. In 2007, Crain's New York Business named her one of the Most Powerful Women in New York. In 2008, Cloherty received the Order of Friendship from Russian President Vladimir Putin.

Cloherty earned a bachelor's degree in 1963 from the San Francisco College for Women (now part of the University of San Francisco) and two master's degrees from Columbia University. After graduation, Cloherty spent two years in Brazil from 1963 through 1965 as a member of the newly created Peace Corps.

Cloherty began her career in venture capital at Patricof & Co. Ventures, which she joined in 1969. She was named a partner and later would become president and co-chair of the firm, along with founder Alan Patricof. After she left the firm, Patricof & Co. (now known as Apax Partners), became one of the largest private equity firms globally. In an interview with "Private Equity International" magazine, Cloherty stated that her track record in Russia included 14 write-offs and a return of 1.2 times capital invested.

In 1977, Cloherty was appointed Deputy Administrator of the U.S. Small Business Administration by President Jimmy Carter. In 1979, she founded and ran Tessler & Cloherty with her husband Daniel Tessler, which specialized in small businesses. In 1991, U.S. President George H.W. Bush appointed Ms. Cloherty as chairman of an Investment Advisory Council to revamp the Small Business Investment Company program of the U.S. Small Business Administration.

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