News from Montgomery College

900 Hungerford Drive, Suite 200, Rockville, MD 20850 

Date: August 27, 2003 (03-62)
Contact: Elizabeth Homan, 240-567-7970;
Steve Simon, 240-567-7952

Montgomery College Presents Venture Capitalist Patricia Cloherty
Chair of U.S. Russia Investment Fund to Speak September 30 in Rockville 

            Montgomery College’s Gordon and Marilyn Macklin Business Institute will host Patricia M. Cloherty as the next speaker in its Distinguished Lecture Series on Tuesday, Sept. 30 at 3:30 p.m., in the Theatre Arts Arena on the Rockville Campus.  Cloherty will talk about her diverse career, from her start as a Peace Corps volunteer to her success as a founding partner of an $8 billion global venture capital fund.

            Cloherty currently chairs The U.S. Russia Investment Fund, a position she has held since her appointment in 1995 by President Bill Clinton.  The fund was established by the United States government to encourage entrepreneurship and investment in Russia.  Recently, Cloherty was also named chief executive officer of Delta Capital Management, a new global investment fund

            Prior to her appointment by President Clinton, Cloherty chaired the Investment Advisory Council.  President George H.W. Bush selected her for the position in 1991.  Under President Jimmy Carter, she served as Deputy Administrator of the U.S. Small Business Administration from 1977 to 1978.  While there, she developed the first federal policy for supporting women-owned businesses in the United States. 

            Cloherty has a long history of working to promote entrepreneurship in both the United States and abroad.  In 1994, she became the first female chair of the National Venture Capital Association.  More than a decade earlier, Cloherty helped found the Committee of 200, an organization of women entrepreneurs and corporate executives.  The committee is comprised of the leading women-owned and managed businesses in the United States.  Cloherty held the position of the Committee’s first president. 

In the past, the Macklin Business Institute Distinguished Lecture Series has hosted Norman Augustine of Lockheed Martin, Patrick Byrne of, and Proxicom founder Raul J. Fernandez.

            In 1999, Gordon and Marilyn Macklin donated more than $1 million of stock to Montgomery College for the creation of the Macklin Business Institute.  At the time, it was the largest gift ever given to a Maryland community college.  The Macklin Business Institute provides an honors program for select second-year business students who want to transfer at the completion of their Montgomery College education.  The Macklin Business Institute also provides training, education, and enterprise opportunities for the business community at its Center for Entrepreneurship.        

            The Macklin Business Institute Distinguished Lecture Series with Patricia Cloherty is free and open to the public.  The Theatre Arts Arena is located at 51 Mannakee Street on Montgomery College’s Rockville Campus.  Due to limited seating, registration is required by September 15.

            For further information, directions, and to register, contact Kathy Droubi, Macklin Business Institute, at 240-567-1707 or send her an e-mail at

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