Kerwin Tesdell, President
Kerwin Tesdell is president of the Community Development Venture Capital Alliance, the association of venture capital funds that provide equity financing for businesses that create good jobs, wealth, and entrepreneurial capacit in underinvested areas of the United States and the world. CDVCA serves the industry by providing education and networking opportunities, developing best practices, perfoming industry research, and supporting positive public policy at the federal and state levels. CDVCA also manages $143 million directly in a combination of busienss investments and investments in funds. Mr. Tesdell is an adjunct professor at New York University, teaching Social Venture Capital at the Stern School of Business and Community Development Law at the School of Law.
Prior to joining CDVCA, Mr. Tesdell was a program officer at the Ford Foundation, first in its Office of Program-Related Investments and then in its Economic Development Unit, where he had primary responsibility for the Foundation’s investments and grantmaking for small business finance and job creation. Before that, he was the director of the Community Development Legal Assistance Center, which provides corporate, tax, and real estate legal assistance to community development organizations in New York. He was also an associate with the law firm of Debevoise & Plimpton, where he represented clients in the financial services industry, including private equity investors in businesses and funds. Prior to joining Debevoise, he was a law clerk to federal judge Constance Baker Motley, Chief Judge of the Southern District of New York.
Mr. Tesdell is a managing director of the InnovateNY Fund, a $47 million fund of funds in New York State, and of the Puerto Rico Fund for Growth, which recently closed on the first $45 million of a fund of funds for Puerto Rico, as well as a number of investment partnerships that make investments in businesses in states that include Arkansas, Florida, Illinois, and Kentucky. Mr. Tesdell is a board member and the past board chair for seven years, of the Coalition of Community Development Financials Institutions (CDFIs). He serves on the board of Community Investment Partners, which is the registered investment advisor of the Calvert Foundation, and is also a board member of the New York Community Investment Company, LLC, a CDVC fund. He serves on the advisory boards of the Center for Community Development Investments of the Federal Reserve Bank of San Franciso;Impact Reporting and Investment Standards (IRIS); the Financial Innovations Roundtable at the Carsey Institute; Meritus Ventures, a Rural Business Investment Company investing in Appalachia; the National Community Investment Fund NMTC fund; and the Advantage Capital Community Development Fund.
Mr. Tesdell graduated from Harvard College with a degree in economics and holds JD and MBA degrees from New York University, as well as a certificate from the Venture Capital Institute.
Christopher Reim, Managing Director
Christopher Reim is the Managing Director of the Community Development Venture Capital Alliance, and is a Managing General Partner of the Innovate NY Fund, L.P. Mr. Reim brings a blend of private sector and public policy thought leadership to innovation and investment for growth, primarily in economic development and access to capital for low income communities. He focuses on advocacy for public-private partnerships for job creation, economic opportunity, and social impact. Within CDVCA, he leads the management of CDVCA’s $45 million Innovate NY Fund to accelerate innovation and entrepreneurship in New York State.
He has managed venture capital investments for a family office venture capital fund in Denver, Colorado (primarily in broadband infrastructure, IT and software applications), and participated in buyouts for a $2 billion private equity fund focused on engineering services and environmental remediation. Mr. Reim previously served as the Interim President of a research firm focused on algae growth systems for water treatment and biofuels. Before his work in venture capital, he managed over $600 million of technology industry acquisitions at a boutique investment bank. He is an accomplished technology entrepreneur, and has served on various corporate and nonprofit boards.
In addition to his work at CDVCA, Mr. Reim is an Adjunct Associate Professor at Columbia University (on social innovation and investment), and is an Adjunct Faculty to the National Science Foundation’s Innovation-Corps accelerator program in New York City. Mr. Reim was also elected to public office as a Trustee in the Village of Pelham, NY in April 2014.
He holds an MPA in Economic Policy from Columbia School of International and Public Affairs, an MBA in Finance from University of Colorado, and a BS in Economics from the Pennsylvania State University.
Tanmay Bhargava, Director of Investments
Tanmay Bhargava manages CDVCA’s Central Fund and New Markets Tax Credits investments. Mr. Bhargava is passionate about supporting developmental, sustainable and scalable solutions that bring positive changes to the underserved communities by means of products, services or employment opportunities. He is experienced in analyzing business plans and early-stage ventures. He has also advised several CDFIs and non-profit organizations on growth strategy, product design, portfolio management and valuation and due diligence processes.
Mr. Bhargava also serves on the Due Diligence Committee of Beyond Capital Fund, where he helps the fund source and invest in early-stage social ventures in India and East Africa to promote economic development in those countries’ impoverished communities.
Mr. Bhargava has previously worked in Equity Research and Equity Strategy roles with large financial institutions. He holds an MBA in Finance and Social Impact from New York University’s Stern School of Business and Bachelors in Technology from Indian Institute of Technology (IIT) Bombay.