New York Fund Expertise Comes to Cannabis
First Capital Ventures Hires Erin Turoff as COO and Managing Director
DENVER, June 16, 2016 /PRNewswire/ — Projected to reach revenue of more than $20B by 2020, the cannabis industry is attracting elite business leaders from around the world. Colorado, currently the front line for cannabis, is luring a substantial wave of accomplished professionals away from traditional roles.
Denver investment firm First Capital Ventures (FCV) has raised the bar on cannabis industry finance with the addition of Erin Turoff as COO and Managing Director. In this role, she oversees operations, fund management and capital raising efforts across all investment strategies, including cannabis.
Turoff moved from New York City, where she demonstrated fund formation expertise as COO and Co-Founder of hedge fund-focused Red Ivy Capital. Eager to participate at the ground floor of this exploding industry, Turoff made the transition to the cannabis movement.
Cannabis is no different than any other high-potential investment.
Erin Turoff, COO and Managing Director
We believe it is a lucrative strategy for investors to get in now, ahead of the large investment banks and multinational corporations – many of whom are ramping up for entry.
Colorado’s Premier Cannabis Investment Team
Turoff joins FCV’s Viridis Fund I experts, including Wall Street veteran Gary Graham and Fund Managers Chris Franz and Brent Johnson.
“As a rising leader in the industry, First Capital has launched one of the world’s first institutional-quality cannabis funds,” says Turoff. “Our highly experienced team has the ability to discover outstanding, disruptive companies like Coda Signature (our first $2.5M project).”
About Erin Turoff
Prior to joining FCV, Turoff co-founded and served as Partner and COO of Red Ivy Capital. Prior to forming Red Ivy, she served in leadership positions for Commonfund, Mercer Investment Consulting, and BMO Global Asset Management. Erin earned an MBA in Finance from Loyola University Chicago.
About First Capital Ventures, LLC
First Capital Ventures (FCV) is an early-stage venture capital firm that takes an active approach to strategy, management and execution – while seeking to maximize shareholder value. The team has 200+ years of combined expertise in starting, growing and financing emerging growth companies.
Disclaimer: This is not intended as an offer, a solicitation of an offer, or an advertisement for the sale of interests in the Fund. Any such offer or solicitation, if made, will only be made by means of appropriate disclosure documents delivered to qualified investors.
SOURCE First Capital Ventures, LLC
Original Press Release: http://www.prnewswire.com/news-releases/new-york-fund-expertise-comes-to-cannabis-300286082.html