Edward Hortick joined VCFA in October, 2001, to broaden the senior leadership of the firm. Mr. Hortick has focused primarily on originating, evaluating and negotiating new investments as well as general management responsibilities. Mr. Hortick’s prior responsibilities cover twenty-five years in banking, including senior management positions in corporate banking, senior credit management and direct private equity investments at Bank of America, which he joined through the Continental Bank acquisition, and First Union (now Wells Fargo & Company), which he joined through the Southeast Bank acquisition.
Prior to joining VCFA, Mr. Hortick was the President and Managing Director of Bank of America Capital Corporation (“BACC”), where he had general management responsibility for the private equity fund investment business and chaired the BACC investment committee. Under his leadership, BACC’s proprietary investment portfolio grew to $5 billion, committed to 485 funds among 275 firms. Mr. Hortick was responsible for the formation of the private equity fund-of-funds business at Bank of America, with over $100 million committed to management. He was also responsible for initiating and executing BACC’s highly profitable secondary sale of over $600 million in private equity limited partnership interests.
Mr. Hortick graduated with a B.S. in finance from The University of Arizona and received an M.B.A. from The University of Miami. He also completed the Management Development Program at Emory University. Mr. Hortick is a Certified Financial Planner™ certificant, a member of the Financial Planning Association and has served on several prominent venture capital, buyout and international fund advisory boards.