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| Rebecca S. Connolly Howard A. Halligan Laurence C. Morse JoAnn H. Price Matthew A. Schaefer Edwin S. Shirley III Rebecca S. Connolly Rebecca Connolly is a managing director of Fairview. Prior to joining the firm, Becky was a general partner at Everest Ventures, LLC, a specialized venture capital advisory firm. In that capacity, she provided comprehensive investment advisory services with respect to selection and monitoring of over 60 venture capital partnerships to the $700 million venture capital fund-of-funds programs of Bessemer Trust, N.A. and Bessemer Securities Corporation. Prior to joining Everest, Becky was a private equity attorney with Testa, Hurwitz & Thibeault. At TH&T, she represented a number of venture capital organizations, structuring their investment programs as well as representing them in private financings. Becky also represented high-tech start-up companies in all aspects of their formation, financing and operations. Her clients were associated with a variety of technology sectors including communications networking, computer hardware, enterprise software, Internet services, semiconductor equipment, biopharmaceuticals and medical devices. Becky received her undergraduate degree in Economics from The College of the Holy Cross, followed by a J.D. from Boston College Law School. < return to top Howard A. Halligan Howard A. Hanse Halligan is chairman and chief investment officer of Fairview Venture Management. He is the former president of Crossroads Investment Advisers, LP, and the senior member of its investment committee. Prior to that appointment, he was president and chief investment officer of Bigler Investment Management Company, Inc., an entity of Bigler/Crossroads. All told, Hanse has led or been active in the investment of over $1 billion in principally venture capital partnerships. Hanse was formerly president of CIGNA Investment Management Company; president, CEO, and trustee of the CIGNA Mutual Fund Group; and chairman of the Investment Policy Committee of CIGNA Investments, Inc. He also has served as president and director of INA Capital Management, Inc.; INA Investment Securities; and the Parkway Group of Mutual Funds. He is a member of the Hartford Society of Financial Analysts and the Association for Investment Management and Research (AIMR). Hanse has been a member of the investment or advisory boards of venture partnerships sponsored by ABS Ventures, Battery Ventures, Brentwood Associates, Consumer Venture Partners, Domain Associates, Edison Ventures, Highland Capital Partners, Menlo Ventures, Morgenthaler Ventures, Robertson, Stephens & Co. and U.S. Venture Partners, among others. Hanse received a B.A. from Williams College and an M.B.A. from Columbia University Graduate School of Business. He serves on the Alternative Asset Investment Committee of the Williams College Endowment Fund, and the Finance Committee of the Francine Clark Art Museum. < return to top Laurence C. Morse Laurence C. Morse began his career in venture capital in 1983 at UNC Ventures, a Boston-based venture capital investment firm which, at that time, managed the largest pool of institutional private equity capital in the United States focused on investing in minority owned or controlled companies. In 1988, he joined Equico Capital Corporation, a venture capital investment subsidiary of The Equitable Life Assurance Society of the United States, as Vice President. In 1992, Dr. Morse participated in the privatization of Equico Capital as a founding principal of TSG Ventures, the inaugural investment fund of TSG Capital Group of Stamford, Connecticut. In 1993, he was retained by Coopers & Lybrand International as the Senior Venture Capital Advisor on a six-person project team assembled to analyze previously established development-oriented venture capital projects throughout the world and to recommend an appropriate structure to the United States Agency for International Development for a proposed $100 million "Enterprise Development Fund" for the eleven country southern Africa region. The project required extensive field work in South Africa, Swaziland, Tanzania and Zimbabwe. In 1994, he co-founded Fairview Capital Partners, Inc., an independent investment management firm that creates and manages private equity fund-of-funds investment vehicles for public and corporate pension funds, and other institutional investors. As a general partner of Fairview's ten managed funds aggregating $1.8 billion, Dr. Morse has participated in the investment of over $600 million in more than 50 traditional and specialized venture capital and private equity limited partnerships. Currently, he serves on the advisory boards of private equity funds sponsored by Syndicated Communications Venture Partners, Opportunity Capital Partners, MedVenture Associates and the Ascend Venture Group. He is the immediate past Chairman of the Board of Directors of the National Association of Investment Companies, a private, non-profit trade association representing some 40 private equity and specialty finance investment firms with approximately $6 billion in aggregate capital under management. He is a member of the board of directors of Webster Financial Corporation (NYSE:WBS), the Princeton University Investment Company (PRINCO), the national board of The English Speaking Union of the United States, and a member of its Luard Scholars selection committee. In January, 2003, he was named one of "The Top Ten Minds in Small Business" by Fortune Small Business (FSB) Magazine. Dr. Morse graduated summa cum laude and Phi Beta Kappa from Howard University with a B. A. in Economics, having spent his junior year at The London School of Economics and Political Science as a Luard Scholar. He earned M. A. and Ph.D. degrees in Economics at Princeton University and has been a postdoctoral fellow at Harvard University. < return to top JoAnn H. Price JoAnn Price has been active in several aspects of the private equity industry for more than fifteen years. As a member of Fairview's investment committee and a general partner of all Fairview-sponsored funds, JoAnn has participated in the investment of more than 50 venture capital and private equity limited partnerships. Prior to co-founding Fairview in 1994, she served as president of the National Association of Investment Companies. For more than a decade, JoAnn led policy initiatives in support of member investment companies, and built an extensive network of private market investors and entrepreneurs. These contacts have been an important source of investment opportunities for Fairview's specialized investment portfolios. JoAnn is a graduate of Howard University and has served on a number of national advisory committees and private equity advisory boards. She currently serves on advisory boards of Black Enterprise/Greenwich Street Corporate Growth Partners, New Vista Capital, and Pacesetter Growth Fund. JoAnn is also a board member of The Initiative for a Competitive Inner City, chaired by Dr. Michael Porter, and a number of organizations in the Greater Hartford community. < return to top Matthew A. Schaefer Matthew Schaefer is a managing director of Fairview. Prior to joining Fairview, Matt was a managing director of Crossroads Investment Advisers, L.P., and a member of its investment committee. Previously, he was vice president and treasurer of Bigler Investment Management Company, Inc., an entity of Bigler/Crossroads. Prior to that appointment Matt was a senior manager in the M&A and tax practice of a national accounting firm. As a member of investment committees at both Crossroads and Fairview, Matt has participated in the investment of over $600 million in more than 50 venture capital and private equity limited partnerships. Matt's responsibilities also include sourcing investment opportunities, due diligence activities and negotiating and closing partnership investments. Matt also maintains the firm's relationships with a number of venture capital groups, and he is a member of the advisory boards of partnerships sponsored by Alliance Technology Ventures, Domain Associates, Emergence Capital Partners and Forward Ventures. He is also a member of the board of the National Association of Investment Companies and the UConn R&D Corporation. Matt received a B.A. in Economics and Accounting from The College of the Holy Cross where he is a member of the President's Council. He holds the CPA designation. < return to top Edwin S. Shirley III Ed Shirley is a managing director of Fairview. Ed joined Fairview in June of 1998, assuming primary responsibility for the co-investment program in Fairview’s second portfolio. From 1987 until joining Fairview in 1998, Ed was a principal in several investment advisory firms where he was responsible for the design and placement of private debt and equity securities for small and middle-market companies. Ed began his investment career at Equitable Capital Management Corporation, the investment subsidiary of The Equitable Life Assurance Society of the United States. He successfully invested in private debt and equity securities across a broad range of industries including broadcasting, telecommunications, airline transportation, insurance and general manufacturing. Ed holds a B.A. from Hampton University and a Master of Public Affairs degree from the Woodrow Wilson School of Public and International Affairs, Princeton University. < return to top |
How the Fairview Team Works The expertise and experience of Fairview’s investment professionals are important prerequisites. Teamwork enables us to deliver superior results for our clients. Fairview’s management structure is flat, assuring that our complementary skills consistently come to the table. A platform of disciplined process and unrelenting standards supports the informed qualitative judgments that set the Fairview team apart. And when it comes time to make a decision, consensus rules. The research component of Fairview operations encompasses tracking trends in the economy, industries and the investment community, as well as deal flow, individual partnerships and entrepreneurs. Proactive cultivation of opportunities is also enhanced by our collective experience. Waiting for opportunities to come is not how we do business. Due diligence processes assure that Fairview invests in top quality fund managers who demonstrate the capacity to execute against successful investment strategies. Fairview’s research sets us apart: “off-the-reference-list” information about people behind the opportunities is as deep and broad as our diverse networks. Proactive portfolio management goes beyond financial reporting to meetings between fund managers and members of our investment team, who also serve on advisory committees to some of our portfolio partnerships. We are active portfolio managers, often drawing upon our experiences as investors and practitioners to help solve a problem or correct a course. |
