The need for a complimentary private sector financing resource inspired the Allegheny Conference on Community Development to create the Strategic Investment Fund. The Fund's original $40.3 million pool of private capital was created in 1996 to fill financing gaps in critical economic development projects throughout the region. Thirty-three corporations, foundations and individuals helped to capitalize the initial fund. A Second Fund was closed in 2002 with capitalization of $29.7 million provided by 27 Investors, 20 of whom are repeat investors from the original Fund.



Board of Directors

  • Chair, Sylvan M. Holzer, Special Advisor to the Chairman, PNC Bank N.A.

  • John A. Barbour, CEO and Managing Director, Buchanan Ingersoll & Rooney PC
  • Helen Hanna Casey, President, Residential Sales, Howard Hanna Real Estate Services
  • Steven J. Guy, Chief Executive Officer, Oxford Development Company
  • Gretchen R. Haggerty, Retired Executive Vice President, Treasurer and Chief Financial Officer, United States Steel Corporation
  • William E. Hunt, President and Chief Executive Officer, Elmhurst Group
  • Eric C. Johnson, Chairman and Chief Financial Officer, The Hillman Company
  • David J. Malone, President and Chief Executive Officer, Gateway Financial Group, Inc.
  • David Morehouse, Chief Executive Officer, Pittsburgh Penguins
  • Grant Oliphant, President, The Heinz Endowments
  • Dan Onorato, Executive Vice President, Chief External Affairs & Communications Officer, Highmark, Inc.

  • Stefani Pashman, Chief Executive Officer, Allegheny Conference on Community Development

  • Laurel Randi, Executive Director, McCune Foundation

Investment Advisory Committee

  • Joseph L. Calihan, President, Calihan Family Foundation

  • Dwight M. Keating, Vice President, Claude Worthington Benedum Foundation

  • James W. Keating, Jr., Retired Senior Vice President, Pittsburgh Team Leader, Commercial Real Estate, First Niagara Financial Group


  • Janel M. Skelley, Secretary/Treasurer, Strategic Investment Fund, Inc.

  • Heather H. Tillman, Executive Assistant, Strategic Investment Fund, Inc.