Dennis Dougherty, who founded Intersouth Partners nearly two decades ago and has gradually built it into the Southeast’s largest venture capital firm, was elected to the board of directors of the National Venture Capital Association at the NVCA Annual Meeting in New York City last week.
The NVCA Board also announced six additional directors who will each serve four-year terms: Guy de Chazal, Morgan Stanley Venture Partners; Ansbert Gadicke, MPM Capital; Walter Kortschak, Summit Partners; Heidi Roizen, Mobius Venture Capital; Salem Shuchman, Apax Partners; and Lip Bu Tan, Walden International.
Jeffrey A. Harris of Warburg Pincus will serve as the chairman of NVCA for the coming year.
The NVCA represents 470 venture capital and private equity organizations. Its mission is to foster the understanding of the importance of venture capital to the vitality of the U.S. and global economies, to stimulate the flow of equity capital to emerging growth companies by representing the public policy interests of the venture capital and private equity communities at all levels of government, to maintain high professional standards, facilitate networking opportunities and to provide research data and professional development for its members.
Intersouth now manages about $500 million in six investment funds. In addition to his pioneer role in venture capital in North Carolina, Dougherty is also a founding member of the Council for Entrepreneurial Development.
Intersouth Partners: www.intersouth.com