The New York City Investment Fund Manager, Inc.

The New York City Investment Fund Manager, Inc.

The New York City Investment Fund Manager, Inc.

Overview
Date Founded

1996

Headquarters

One Battery Park Plaza,5th floor,New York, NY 10004

Type of Company

Private

Industries

Private Equity & Venture Capital
Investment Services & Portfolio Management

Company Description

The key criterion for investment is that the venture is likely to generate benefits for New York City and its communities. Priorities include job creation, revitalization of distressed areas and innovative ideas or products that position New York at the cutting edge of growth sector industries.NYFM invests in technology or Internet companies, but only alongside an experienced lead venture capital investor. They do not make grants, but will provide below market financing for not-for-profit projects that advance their mission. They do not make long-term real estate investments nor invest in real estate for housing. They will provide short-term real estate financing for projects that have a significant impact in terms of permanent job creation, new business development or revitalization of a community.NYFM provides subordinated debt to leverage other private capital or to maintain maximum ownership for management of minority-owned companies. When investing in a venture capital deal, returns are expected to equal those of other at-risk parties.About one third of the fund's assets are owned by a limited liability company, with investors who have effectively made an interest free, unsecured loan to the fund for a period of fifteen years. Another third of the assets are held by the Civic Capital Corp., a public charity established to administer tax exempt contributions that have been donated to the fund. These investments are restricted to investment in eligible charitable activities such as economic development. The balance of assets is held by the New York Small Business Venture Fund I and II.

Contact Data
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Executives & Employees

President & Chief Executive Officer, the Partnership for New York City Fund

Chief Financial Officer, the Partnership for New York City

General Counsel

Portfolio Manager, the Partnership for New York City Fund

Vice President, the Partnership for New York City Fund

Senior Vice President

Associate

Sector Member

Board of Directors

Chairman-South Florida at Year Up, Inc.

Vice Chairman at Morgan Stanley Smith Barney LLC

Founder at Chazen Capital Partners LLC

Co-Founder at New York City Charter School Center

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The New York City Investment Fund Manager, Inc.
Recent Transactions
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iGambit, Inc. purchases Clinigence Holdings, Inc. (Inactive) from Lighter Capital, Inc., The New York City Investment Fund Manager, Inc.

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NewWave Telecom & Technologies, Inc. purchases iQuartic, Inc. from Dreamit Ventures LLC, Walnut Venture Associates, Healthbox LLC, Zaffre Investments LLC, Boston Millennia Partners, LaunchCapital LLC, The New York City Investment Fund Manager, Inc.

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The New York City Investment Fund Manager, Inc., Lighter Capital, Inc., Clinigence LLC purchase Qualmetrix, Inc.

Advisors & Consultants
Auditor

PricewaterhouseCoopers LLC provides assurance, tax and advisory services. Its services include audit and assurance, consulting, deals, human resources, legal, tax, and family business. The firm also offers accountability, risk management, structuring, mergers and acquisitions, and performance and process improvement. The company was founded in 1998 and is headquartered in Buffalo, NY.

Auditor

CohnReznick LLP provides clients with forward thinking advice that helps them navigate complex business and financial issues. With more than 2,500 employees nationwide, they provide the resources, technical skills and deep industry knowledge to help them succeed.

Custodian

Bank of America, NA engages in the provision of commercial banking services. It offers financing, checking and savings accounts, and investment banking for individual clients. The company was founded on March 1, 1927 and is headquartered in Charlotte, NC.

Investments
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Studycue LLC provides interactive mobile health services. The company was founded by Brad Hammonds and Stan Berkow in 2012 and is headquartered in New York, NY.

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Noom, Inc. engages in the development of mobile health and fitness application. The firm's products include Noom weight for android, Noom weight for iPhone, Noom walk and Noom cardio. The company was founded by Jesse Saeju Jeong and Artem Petakov in 2006 and is headquartered in New York, NY.

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iQuartic, Inc. develops EHRProfiler and software for medical providers and health insurance companies. The company was founded by Ze Jiang in 2012 and is headquartered in Boston, MA.

Investors
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Co-Founder at New York City Charter School Center

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