– USA, CO – Denver-based investment firm First Capital Ventures has raised the bar on cannabis industry finance with the addition of Erin Turoff as Chief Operating Officer and Managing Director. In this new role, she oversees firm operations, fund management and capital raising efforts across all investment strategies, including cannabis.
Turoff moved to Colorado from New York City, where she demonstrated fund formation expertise as COO and Co-Founder of Red Ivy Capital, LLC, a quantitative investment firm focused on hedge funds. Eager to participate at the ground floor of an exploding industry, Turoff made the transition to Colorado and the cannabis movement.
“In alternative investing, we place well-calculated bets to grow client assets. Cannabis is no different than any other high-potential investment,” says Turoff. “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.”
Turoff joins First Capital Ventures’ Viridis Fund I team of industry experts, including Wall Street veteran Gary Graham and fellow Fund Managers Chris Franz and Brent Johnson.
“As a rising leader in the cannabis industry, First Capital Ventures has launched one of the first institutional-quality cannabis funds in the world,” says Turoff. “We have a highly experienced team with a deep investor network, and the ability and agility to discover outstanding companies like Coda Signature (the Fund’s first $2.5 million project), which is poised to become a disruptive force in the cannabis consumer space.”
About Erin Turoff
Turoff has 11 years of experience working with institutional investors around the world. Prior to joining First Capital Ventures, she co-founded and launched Red Ivy Capital, LLC, an investment firm based in Stamford, CT. There, she was Partner and Chief Operating Officer. The firm specialized in quantitative investment strategies, including long/short, statistical arbitrage and market neutral funds.
Prior to launching her own firm, she moved to the East Coast to serve as Director of Pension & Sovereign Wealth Funds for Commonfund, an investment firm based in Wilton, CT. There she was responsible for managing client portfolios across alternative investments, including private equity, venture capital, hedge funds and commodities.
Before joining Commonfund, Erin worked with large pension sponsors and financial intermediaries as the U.S. Market Leader at Mercer Investment Consulting in Chicago, IL. She started her career at BMO Global Asset Management in Chicago, which was formerly known as Harris Investment Management.
Erin graduated from Loyola University Chicago with a Master of Business Administration degree in Finance and Boston University with a Bachelor of Arts degree in Linguistics and Latin.
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