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 for low income people and wealth and entrepreneurial capacity in low-income communities in the United States and around the world.  He is also an adjunct professor at New York University, teaching Double Bottom Line Finance 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 work in 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 venture capital investors in businesses and funds. Prior to joining Debevoise, he was a law clerk for federal judge Constance Baker Motley in Manhattan.

Mr. Tesdell is the board chair of the NASVF Educational Foundation.  He is a board member and past chair for seven years of the CDFI Coalition and current vice chair of the CDFI Data Project.  He serves on the board of the Community Investment Program, which is the registered investment advisory of the Calvert Foundation and is also a board member of the New York Community Investment Company, LLC, a CDVC fund.  He is 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); Meritus Ventures, a Rural Business Investment Company investing in Appalacia; 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, Manager-Investments and Fund Programs


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.