Colorado Impact Fund Promotes Two Professionals
Scott Reich and Grace Oliva Named Vice President and Senior Associate, Respectively
(Denver, CO) – January 16, 2018 – Colorado Impact Fund (CIF), a venture capital firm dedicated to supporting local companies that deliver strong investment returns and positive community impact, is pleased to announce that Scott Reich has been promoted to Vice President from his former role as a Senior Associate and Grace Oliva has been promoted to Senior Associate from her former role as Associate.
“Scott and Grace are extremely dedicated and valuable members of our team who continue to expand their roles at CIF and in the broader Colorado community,” said Ryan Kirkpatrick, Partner at CIF. “Their promotions are a reflection of their superior contributions to the firm, which have supported new investment activity and driven continued growth and value for CIF’s portfolio companies.”
Reich and Oliva are both founding members of the CIF team. Prior to joining CIF in 2015, Reich was an Analyst in the Infrastructure Equity Investment Group at the International Finance Corporation (IFC), a member of the World Bank Group. Scott has also worked at Credit Suisse in healthcare investment banking and as an 8th grade math teacher for District of Columbia Public Schools. Scott earned a BA in economics from Cornell University. He received his MBA from the Wharton School of University of Pennsylvania where he was a Ford Fellow and Palmer Scholar.
Oliva joined CIF in 2014 and has been promoted twice in the organization. Previously, she was working in the Energy field as an analyst. After graduating from college, Oliva lived abroad in Japan where she taught English at a private school and university. She earned a Bachelor of Arts in Economics from Amherst College in Massachusetts.
With its experienced team of seven professionals, Colorado Impact Fund has made substantial progress in advancing its mandate. Since launching in 2014, the firm has invested $25MM in 10 partner companies across its impacts themes; improving community health and education, conserving natural resources, and facilitating economic development. This includes 5 new investments in 2017 totaling $11MM, which included a healthcare investment, CirrusMD, and a clean energy investment, Keystone Tower Systems. In 2018, CIF will continue to actively source new investment opportunities and support its partner companies in creating shareholder value and delivering impact.
The Colorado Impact Fund, founded in July 2014, is a venture capital firm dedicated to supporting local Colorado companies that generate consistent investment returns in addition to positive community outcomes. Investors in the Fund include some of Colorado’s most respected executives, families, foundations and corporations, each of whom is committed to making a difference in the State of Colorado and beyond. Targeting investments in the areas of community health, natural resource conservation, education and workforce development and economic development, the Colorado Impact Fund leverages its collective experiences, resources and networks to help Colorado entrepreneurs create exceptional and lasting companies. For more information, visit https://www.coloradoimpactfund.com