Partnership Fund operates as a civic evergreen vehicle without profit motive
Maria Gotsch · 653: She Invests $120 Million Into Financial Tech Companies, 39 Graduates, 6-8 New Per Year with New York Partnership Fund CEO Maria Gotsch · May 8, 2017 · at 2:36
Maria Gotsch describes the non-traditional structure and economic development mission of the Partnership Fund for New York City.
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“We're structured as an evergreen fund. So the investors put up the money not to make a financial return, but to try to create jobs and expand the economy in New York City.”
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More from Maria Gotsch
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“So I think people like SoFi are the exception to the rule. Where you're able to, you know, come in with a new product that the, an area where the banks are not paying it, you know, are not working for whatever reason, and then expand to be a big company.”
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“Henry Kravis of KKR raised the funds in the late nineties, and he raised them from major, major corporations in New York, as well as individuals.”