LEGISLATIVE RESOLUTION honoring Patricia M. Cloherty upon the occasion
of her designation for special recognition at the Hudson Valley Shakes-
peare Festival

WHEREAS, It is incumbent upon the people of the State of New York to
recognize and acknowledge those within our midst who have made signif-
icant contributions to the quality of life therein; and
WHEREAS, Attendant to such concern, and in full accord with its long-
standing traditions, this Legislative Body is justly proud to commend
Patricia Cloherty upon the occasion of her designation for special
recognition at the Hudson Valley Shakespeare Festival; and
WHEREAS, Patricia M. Cloherty is Chairman and CEO Emeritus of Delta
Private Equity Partners, LLC, manager of The U.S. Russia Investment Fund
and Delta Russia Fund, L.P., two venture capital funds invested in 55
Russian companies, and is also Senior Advisor to UFG Private Equity,
partner firm to Delta Private Equity; and
WHEREAS, Patricia Cloherty is former Co-Chairman, President and Gener-
al Partner of Apax Partners, Inc. (formerly Patricof & Co. Ventures,
Inc.), a private equity company she joined in 1970, and from which she
withdrew in 2000, and is a past President and Chairman of the National
Venture Capital Association of the United States; and
WHEREAS, She holds a Bachelor of Arts degree from the San Francisco
College for Women, a Masters of Arts degree and a Masters of Interna-
tional Affairs degree from Columbia University; from 1963 through 1965,
she served in the Peace Corps in Brazil; and
WHEREAS, In 1991, President George H. Bush appointed her chairman of
an Investment Advisory Council to revamp the Small Business Investment
Company program of the U.S. Small Business Administration; from 1977 to
1978, Patricia Cloherty was Deputy Administrator, U.S. Small Business
Administration, appointed by President Carter; and
WHEREAS, In 1981, Patricia Cloherty was the founding President of the
Committee of 200, a prestigious organization of the country's leading
women entrepreneurs and corporate executives; and
WHEREAS, In 2004, Patricia Cloherty was named Businessperson of the
Year by the American Chamber of Commerce in Russia; in December 2006,
she was named a Technology Top Dealmaker by Forbes magazine; in February
2007, the Moscow Government gave her an award for her outstanding
contribution to the development of entrepreneurship in Russia and for
establishing and supporting small business in the country; and
WHEREAS, In October 2007, Patricia Cloherty received the Woodrow
Wilson Award for Corporate Citizenship from the Kennan Center of the
Woodrow Wilson Institute for International Scholars; it is given to
executives who have shown deep concern for the common good by their
example and through business practices that advance the long-term inter-
ests of their firms, their employees, and their shareholders; and
WHEREAS, In November 2007, the Russian Academy of Business granted
Patricia Cloherty the Darin Award for her significant and long-standing
contribution to the creation of the new Russian economy; on March 17,
2008, President of the Russian Federation, Vladimir Putin, signed a
decree awarding her the Order of Friendship for her major contribution
to the development of Russian business and for strengthening friendship
and cooperation between the Russian Federation and the United States of
America; and
WHEREAS, Patricia Cloherty holds various directorships, among them
PrimeStar (Russia), Vesch! (Russia), VideoNext Solutions, Inc. (U.S. and
Ukraine), and DeltaLeasing (Russia) and is a former Trustee of Columbia

University, a Trustee for Life of International House, and a Trustee
Emeritus of Columbia University's Teachers College; and
WHEREAS, She is a member of The Rockefeller University Council and the
Council on Foreign Relations, and a member of the Advisory Board of
Russia's new business school, Skolkovo; and
WHEREAS, She was appointed to the Board of the U.S. Russia Investment
Fund in 1995 by President Clinton, became Chairman in 1998 to 2004, and
has been Chief Executive Officer of its management company since 2003;
and, in April 2009, Patricia Cloherty was elected to the Board of Direc-
tors of NYSE Euronext (New York Stock Exchange); and
WHEREAS, Armed with an impressive background of professional and
personal success and commitment to her community, Patricia Cloherty
exemplifies the type of citizen deserving of this honor; now, therefore,
be it
WHEREAS, That this Legislative Body pause in its deliberations to
honor Patricia Cloherty upon the occasion of her designation for special
recognition at the Hudson Valley Shakespeare Festival; and be it further
RESOLVED, That a copy of this Resolution, suitably engrossed, be tran-
smitted to Patricia Cloherty.