President and CEO
Progress Investment Management Company LLC
San Francisco, CA
Thurman V. White is responsible for the operational and strategic oversight for all aspects of Progress. He chairs the Management Committee and serves as a member of the Investment Committee. Since 1994, Thurman has served as the firms' product manager leading its fund-of-funds strategy for investment in emerging private equity partnership. This fund-of-funds strategy focuses on niche, first-time and minority-and women- controlled venture capital and buyouts funds. This private equity effort, through the Progress Fund I, has raised $65 million of committees to eleven partnership fund investments to date. Most recently, Thurman led the firm's effort on behalf of the CalPERS to manage $40 million venture capital fund making direct investment in emerging investment management firms, and placing assets to manage with those firms from a $1 billion pool. Mr. White serves on the boards for two of these companies. In addition, he also serves on the Advisory Committees of three of the eleven partnership funds in Progress Fund I.
Mr. White has also had previously line management and operating company experience with profit/loss responsibility, as well as public policy experience at the state legislative and federal agency levels. He holds an undergraduate degree in public and international affairs from the Woodrow Wilson School at Princeton University, a Master's Degree in Communications from Stanford University and a law degree from Boalt Hall, University of California Berkeley. He has been a member of the California Bar since 1981.