A veteran of more than 30 years in the investment industry, Mr. Cordes co-founded AssetMark (NYSE;AMK), a leading US wealth management services provider with over $50 billion in AUM, and served as CEO and Executive Co-Chairman from 1996 – 2016.
He co-founded the Cordes Foundation with his wife Marty, and speaks and writes extensively on the field of impact investing. His work has been profiled in publications including Forbes, Fortune, The Wall Street Journal, the New York Times, FT and The Economist. Mr. Cordes is also a co-founder and Board member of ImpactAssets, a non-profit Donor Advised Fund established to catalyze capital for impact investments, and serves on the Boards of Align Impact and the Lynn University Social Impact Lab.
Mr. Cordes is the co-author of “The Art of Investing & Portfolio Management”, published in 2004 by McGraw Hill, and was recognized as an Ernst & Young Entrepreneur of the Year in 2005. He holds a BS in Business Administration from the University of California, Berkeley.
He joined the MicroVest Holdings Board in July 2011, and previously served on the MicroVest I, LP Investment Committee from October 1st, 2009 through September 30th, 2010.
W. Bowman Cutter — Chair Emeritus
W. Bowman Cutter – Chair Emeritus
Mr. Cutter joined the Roosevelt Institute in October 2009 as Director of Economic Policy Initiative and as a Senior Fellow. Previously, he was a Managing Director of the private equity firm of Warburg Pincus, since 1996. Prior to joining Warburg, Mr. Cutter was Deputy Assistant to the President for Economic Policy (National Economic Council) during the Clinton Administration. Mr. Cutter has also served as senior Partner at Coopers & Lybrand, and the Firm’s Vice Chairman for Strategy.
Mr. Cutter holds degrees from Harvard University (summa cum laude); Oxford University (Rhodes Scholar); and Princeton University’s Woodrow Wilson School. He is a member of the Committee for Economic Development, the leading business and not-for-profit economic “think-tank” in the United States; a board member and the immediate past chair of the executive committee of Resources for the Future, an energy and environmental research institute, since 2010. Mr. Cutter is the former Chair of the Board of CARE and a member of the Council on Foreign Relations. Additionally, Mr. Cutter is a member of the Governing Council of the IFMR Trust in India, a position he has held since 2008, And has worked extensively with the World Bank; and is Chairman of the Board of the Tunisian-American Fund which was launched in July 2013.
Mr. Cutter has been Chairman of the MicroVest Holdings Board since its founding in 2003, and also sits on the Holdings Board’s Executive Committee, Compensation Committee, and Governance & Nominating Committee. He has also served as Chair of the MicroVest Capital General Partner, LLC Board since 2003, as Chair of the MicroVest Capital General Partner II, LLC Board since 2008, as a member of the MicroVest II-A, LP Investment Committee since 2008, and on the Board of MicroVest General Partner Plus, LLC since 2011.
Phyllis R. Caldwell — Vice Chair
Phyllis R. Caldwell – Vice Chair
Phyllis R. Caldwell is founder and managing director of Wroxton Civic Ventures LLC which offers advisory services in the areas of housing, community development and capital access. She is also board chair of Ocwen Financial Corporation (NYSE: OCN). From 2009-2011, Caldwell served as Chief of the Homeownership Preservation office at the U.S. Department of Treasury where she oversaw housing market recovery and foreclosure prevention programs in the Troubled Asset Relief Program (TARP).
Previously, as President of Community Development Banking for Bank of America, Caldwell held leadership roles in tax credit and affordable housing finance, Small Business Investment Company (SBIC) and Community Development Financial Institution (CDFI) investing. Her career in finance and consulting also includes time at Citicorp and Ernst & Young.
Currently, Caldwell serves on the boards of American Capital Senior Floating, Ltd (Nasdaq: ACSF), City First Bank of DC and Low Income Investment Fund. She previously served as a member of the Community Development Advisory Committee for the Federal Reserve Bank of Richmond and as President of Washington Area Women’s Foundation, a public foundation fostering philanthropic giving in the Washington metropolitan region.
Caldwell received her MBA from the Robert H. Smith School of Business at the University of Maryland College Park and holds a BA in sociology and urban planning, also from the University of Maryland.
Mr. Crawford is Chief Executive Officer of MicroVest. He is responsible for leading the company’s investment operations and strategy since MicroVest’s founding in 2003. As MicroVest’s CEO, he led the launch of MicroVest I, LP, the first commercial private equity vehicle focused on microfinance in North America. Mr. Crawford has over 25 years experience with microfinance institutions and capital markets across the globe.
Before helping to found MicroVest Capital Management, Mr. Crawford worked for the Latin American Financial Markets Division at the International Finance Corporation (IFC), and focused on investments in microfinance institutions. Prior to joining IFC, Mr. Crawford created and ran Seed Capital Development Fund, a US based non‐profit firm, involved in creating financial instruments and attracting funds to capitalize microfinance institutions, primarily in Latin America, Asia and Africa. Prior to creating Seed Capital, Mr. Crawford was the Assistant Project Director for Africa Venture Capital Project, designed to create risk capital firms in Africa.
Mr. Crawford received his bank training at Chase Manhattan Bank after working in Africa for the Red Cross and State Department. He is a graduate of SAIS at Johns Hopkins University and Bates College.
Mr. Crawford was an adjunct professor at Johns Hopkins SAIS from 2010 to 2014. He currently serves on the Board of the Tunisian-American Enterprise Fund, a financing vehicle established by Congress and funded by the U.S. Agency for International Development. He is fluent in English and conversant in French, Spanish and Swedish.
Gregory L. Gaeddert
Mr. Gaeddert has served on the boards of numerous manufacturing, distribution, financial services, investment and non-profit entities. He is a co-founder and principal at B12 Capital Partners, LLC and B12 Real Estate Advisors, LLC, and has been involved in the institutional investment and lending markets since 1989. Mr. Gaeddert has been a principal in three private equity funds and led direct investments in numerous operating companies employing return strategies for both the operating entity and its underlying real estate assets.
Mr. Gaeddert currently serves on the board of Equity Bancshares, Inc. (EQBK), Great Plains Ventures, Inc. (Wichita, KS), IBT Industrial Solutions (Merriam, KS – Kansas City area), as well as chairing and/or serving on the board of several of B12’s portfolio companies. He is currently an Advisory Board Member of Redguard, LLC (Wichita, KS), and a member of the board of the Mennonite Economic Development Association (MEDA) which is based in Waterloo, Ontario. Mr. Gaeddert was also an early investor in the Microvest entities.
Mr. Gaeddert holds a Master in Business Administration from the University of Kansas and a Bachelor of Arts from Bethel College where he majored in Economics and Business Administration.
Mr. Hartzler is Chair of the Sarona Asset Management Investment Committee Board and managing partner of WCI Partners, LP, a real estate development company which he founded in 2005. Previously, Mr. Hartzler was Executive Vice President and a partner of Webclients.net from 2000 until the company’s sale to ValueClick, Inc. in June 2005. Prior to that, Mr. Hartzler was a corporate attorney with Buchanan Ingersoll, P.C.
Mr. Hartzler is a graduate of Penn State University (BA, Econ), The George Washington University Law School (JD), and was a Fulbright Scholar in Cologne Germany. He currently serves as Chairman of the Board of Ten Thousand Villages, an international handicraft distributor and retailer. He has been active in the impact investment arena for many years.
Mr. Hartzler has been a member of the MicroVest Holdings Board of Directors since 2010. He has also served on the MicroVest Short Duration Fund, Investment Committee from 2010 to 2012.
Mr. Torrey has been an investor in hedge funds for over 30 years. He managed The Torrey Funds, a fund of funds that invested with emerging equity long/short managers in both the United States and internationally. The Torrey Funds was founded in 1990 and grew to over $1.25 billion in assets. In 2009, The Torrey Funds merged with Cadogan Management, at which time Mr. Torrey became a senior advisor to Cadogan. Additionally, Mr. Torrey has held executive positions at Kidder, Peabody & Co., The First Boston Corporation, PaineWebber Incorporated, and Alex. Brown & Sons. He attended the University of California at Berkeley and remains active in civic and community affairs.
Mr. Torrey has been a MicroVest Holdings Board Director since 2006. He also sits on the Holdings Board’s Compensation Committee and the Board of the MicroVest General Partner II, LLC, and he is a former member of the Board of Directors of OPIC (Overseas Private Investment Corporation).
Mark Muckerheide was a 20 year retail executive with Target Corporation. Mark’s first 15 years at Target were in brand management, with his last role as general manager of one of Target’s billion dollar grocery business units. During last five years, Mark was Director, Sustainability and Corporate Social Responsibility. In this role he was responsible for a $100 million philanthropic portfolio, as well as responsible for co-leading Target’s corporate wide effort to create a more business aligned CSR and Sustainability strategy.
During this same period, but outside of Target, Mark has created and run several profitable businesses in the industries of real estate, investment, construction and management consulting. This includes being the Founder and CEO of Global Poverty Advisors. Global Poverty Advisors is a consulting firm that works with social businesses, impact investors and international development non-profits to help them leverage business toward the goal of ending global poverty.
Ms. Williams has served as a Director of Weyerhaeuser since 2006, as a Director of E.W.Scripps Co since 2007, and she has also been a Director of Xcel Energy since 2009. Ms. Williams is a retired Partner at Wellington Management Company LLP where she worked from 1995 until 2005. During her tenure at Wellington, Ms. Williams established strong credentials as a financial analyst with a focus on important balance sheet statistics and expertise on the management and strategic direction of a global investment management company. During the period of heightened scrutiny on the issue of Corporate Governance, she served as an active member of the Corporate Governance Committee and was involved in the rewriting of the proxy voting policies and procedures at Wellington. Professionally, she has traveled extensively throughout Europe, the Middle East, the Far East, Japan and Australia, providing global insights into the potential opportunities and challenges faced by US corporations in an increasingly global environment. Ms. Williams holds a MS in Economics from the University of London.
Ms. Williams joined the MicroVest Holdings Board of Directors in 2007. She also serves on the Holdings Board’s Audit & Finance Committee (Chair) and the Governance & Nominating Committee, on the Board of the MicroVest General Partner Plus, LLC, and as the Chair of MicroVest Short Duration Fund GP, LLC since 2010.