Patricia M. Cloherty
Chair and CEO
Delta Private Equity Partners
About
Patricia M. Cloherty was a seminal figure in the post-Soviet foreign private equity investment community in Russia. As the manager of the US government-funded private equity company, The US Russia Investment Fund (TUSRIF), that transitioned into Delta Private Equity Partners, LLC, she was one of pioneers of Western direct investment in Russia’s new private economy. As a leader in this new financial sector in Russia and by virtue of her personality, Patricia was a highly visible and influential business leader among the foreign business community. She was named “Businesswoman of the Year” by American Chamber of Commerce in Russia (AmCham) in 2004. She is particularly known for her astute management of the TUSRIF portfolio and the return of capital to the US government that led to the formation of the US Russia Foundation. She is also known for her impact on her Russian employees who learned about private investment from working with her, including Kiril Dimitriev, former managing director of Delta Private Equity Partners, who later became the CEO of the Russian Direct Investment Fund.

Given her importance in the private equity sector of post-Soviet Russia, she should be included in this archive. Unfortunately, there is no video of the interview and information she provided for the preparation of Creating the Post-Soviet Russian Market Economy. Ms. Cloherty passed away in September 2022 foreclosing any opportunity to record a new video interview. So, in collaboration with Cynthia Wing, the representative of her estate and trustee of her trust, we are including here a variety of information sources about Ms. Cloherty. In place of the video, we have included her written response to interview questions that she submitted for Creating the Post-Soviet Russian Market Economy and several news articles about her work in Russia.
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russiaprogram@gwu.edu

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