Meet our Team:
- George Overholser – CEO & Co-Founder
- Richard Edwards – Partner, Capital Markets
- John Grossman – Partner & General Counsel
- Caroline Whistler – Co-Founder & Partner, Advisory Services
- Peter Barth - Director
- Jerry Croan - Director, Federal Initiatives
- Alice Phinizy – Manager of Finance & Operations
- Tim Pennell - Associate Director
- Michael Cwidak-Kusbach - Senior Associate
- Liya Shuster – Senior Associate
- Alice Yu - Associate
- Sithara Kodali - Associate
- Emily Fabiaschi – Associate
- Alberto Ramos – Associate
- Ashley Zlatinov – Associate
- John Perovich – ProInspire Associate
- Marcia Chong – Analyst, Advisory Services
- Zoe Wong – Analyst
- Mary Beech – RISE Analyst
- Jake Moy – RISE Analyst
- Will Toaspern – RISE Analyst
- Betsy Whittemore – Administration & Finance Manager
George Overholser - CEO & Co-Founder
email@example.com | Boston
For the past ten years, George Overholser has committed himself to the social sector. Since 2010 he has been an Entrepreneur in Residence at New Profit Inc., and in that capacity, co-founded Third Sector Capital Partners. Previously, he founded NFF Capital Partners, a division housed within Nonprofit Finance Fund that has so far helped 16 high-performing nonprofits to secure over $300 million of philanthropic growth capital and continues to operate under the leadership of Craig Reigel. The NFF Capital Partners portfolio has grown its programmatic output five-fold since the investments were made, while also markedly improving metrics of financial sustainability. In 1999, George formed North Hill Ventures, a Boston-based venture capital firm, with $125 million under management, focused on early-stage financial and marketing technology firms. He was a member of Capital One’s founding management team, where he headed up strategy and oversaw the launch of 20 new businesses. George commenced his career as a strategy consultant at Strategic Planning Associates, serving a wide range of Fortune 500 clients.
George is a frequent speaker and writer on the topic of innovation in nonprofit sector finance, having been covered in The Wall Street Journal, The Economist, Business Week and New York Times. He graduated from Harvard College with a degree in Physics and a MBA from Stanford’s Graduate School of Business. He serves on the board of Vistaprint, Ltd. (NASDAQ). George focuses on deal construction, rigorous impact evaluation design, and thought leadership at Third Sector.
“Nonprofit Growth Capital: Building is not Buying” by George Overholser
Richard Edwards - Partner, Capital Markets
firstname.lastname@example.org | Boston
Rick has led project and business development efforts for investment banking, insurance brokerage and entrepreneurial businesses for over 20 years. He has extensive global experience in structuring projects in the private and public sectors with government parties and focused many successful transactions as Global Head of Project Finance and Advisory for JP Morgan Chase. Whether building # 1 market share for the Project Finance business or as CEO of Assurex Global, or as an entrepreneur while at Avcomm, Rick earned a peer reputation for delivering collaborative working groups that strive to reach common private and public goals despite different cultures. Rick has written articles on privatization, been a speaker on project finance drivers to success and volunteered with US AID in teaching investors on using structured finance as a tool.
Rick has a passion for working on child abuse prevention. He has been President and/or board member of numerous civic organizations including Exchange Club Foundation, Pilgrim Towers Housing, Parenting Skills Center, etc. He graduated from Bucknell University with a degree in Business Administration and from the Johnson School of Management at Cornell University with an MBA. He joined Third Sector in 2012 and focuses on raising funding for the new Pay For Success transactions being implemented in the U.S.
John Grossman - Managing Partner & General Counsel
email@example.com | Boston
John joined Third Sector after completing the MIT Sloan Fellows Program in Innovation and Global Leadership. Prior to that, he spent over fifteen years working for the Commonwealth of Massachusetts, much of it striving to bring performance management to the state. He most recently served as the Undersecretary for Forensic Science and Technology within the Executive Office of Public Safety and Security (“EOPSS”). In that role, he was responsible for providing strategic leadership to the State Crime Lab, the Office of the Chief Medical Examiner, the Criminal Justice Information System, and the Massachusetts 911 Department. Additionally, he supervised the information technology operations of all of the secretariat’s eleven agencies. Prior to joining EOPSS, he served for 12 years in the Office of the Massachusetts Attorney General, leaving as the Deputy Chief of the Criminal Bureau after leading the prosecution of all types of white collar crime and standing up the nation’s first statewide computer crime unit. He is also a member of the Massachusetts Court Management Advisory Board.
He is a summa cum laude graduate of Boston University School of Law and holds a B.A. from the University of Pennsylvania and an M.B.A. from MIT’s Sloan School of Management. John is the project manager for the pioneering Massachusetts juvenile recidivism PFS project.
Caroline Whistler - Co-Founder & Partner, Advisory Services
firstname.lastname@example.org | San Francisco
Caroline joined Third Sector Capital Partners after completing a Fulbright Fellowship in Brazil researching nonprofit sustainability with Ashoka and Fundação Getulio Vargas University. Previously she worked at Nonprofit Finance Fund (NFF) Capital Partners, a leader in applying growth metrics and accountability to equity-like financing for high performing nonprofits. While at NFF, Caroline structured growth capital campaigns, conducted economic feasibility analyses and designed scenario planning tools to help raise millions in capital for nonprofits including Health Leads and Year Up. Prior to NFF, she conducted nonprofit analysis, market research and a study on sustainability for a foundation at Community Wealth Ventures, a social enterprise consulting firm. Caroline was a Robertson Scholar at Duke University where she graduated Phi Beta Kappa with a B.A. in Political Science and African Studies. Caroline is based in the San Francisco office and leads the client and government advisory engagements for Third Sector, overseeing feasibility assessments and developing customized PFS arrangements.
“Translating Plain English: Can the Peterborough Social Impact Bond Construct Apply Stateside?” by Drew von Glahn and Caroline Whistler.
“Pay For Success Programs: An Introduction” by Drew von Glahn and Caroline Whistler.
Peter Barth - Director
email@example.com | San Francisco
As the Director in Third Sector’s San Francisco office, Peter coordinates the team’s west coast operations, manages project delivery and advisory services, and develops partnerships with high performing government, nonprofit, and philanthropic organizations. Peter first joined Third Sector in 2013 through New Sector’s Americorps Senior Fellows program while completing a Presidential Scholarship at the Harvard Kennedy School of Government. Prior to his work at Harvard, Peter served as Assistant Secretary for Program and Fiscal Affairs at the California Health and Human Services Agency from 2008 to 2012 and Executive Fellow from 2007 to 2008. Appointed by Governor Arnold Schwarzenegger and reconfirmed by Governor Jerry Brown, Peter coordinated the efforts of more than 18,000 employees in departments with budgets exceeding $10 billion. He served as the Agency coordinator for leadership and workforce development programs, prevention and wellness initiatives, federal stimulus implementation, mental health realignment, and state hospital reorganization. He represented the Governor’s administrations on various councils and boards, including the Strategic Growth Council, California Workforce Investment Board, Health Workforce Development Council, Health in All Policies Task Force, State Council on Developmental Disabilities, and Mental Health Planning Council. Peter previously worked for the American Enterprise Institute for Public Policy Research and the Academy of Business Leadership, and graduated with distinction from the University of Southern California’s Sol Price School of Public Policy and Harvard University’s Kennedy School of Government.
Jerry Croan - Director, Federal Initiatives
Jerry Croan is a successful entrepreneur with an extensive career working to advance health, education, and social policy and practice. He recently retired from ICF International after 35 years in private and public sector consulting, including 22 years with the highly-regarded firm that he founded and led, Caliber Associates. Mr. Croan is currently working as a consultant for Third Sector Capital Partners on Social Innovation Financing and Pay For Success program development in areas ranging from mental health to child welfare to education. He is also providing strategic advisory services through the National Learning Institute (NLI) to a variety of non-profits, including Communities in Schools, state and local early childhood programs, and youth development programs. From 2005 through 2013, Mr. Croan was Executive Vice President at ICF International, a $1B international consulting organization focused on health and social programs, as well as energy and infrastructure. While at ICF, Mr. Croan directed a major operating group and then led overall Corporate Strategy. During this time, ICF grew nearly 5-fold and was ranked by Boston Consulting Group as the most adaptive US professional services company.
Mr. Croan founded Caliber Associates in 1983 and served as its CEO until its sale to ICF in 2005. Caliber, and subsequently ICF, has been one of the leading US social sector research and consulting firms. It has played a lead role in program strategy development, technical assistance and evaluation for many US national programs, including Race to the Top and Regional Education Laboratories for the Dept of Education; the Child Welfare Gateway, Head Start, the Child Care Bureau, the Office of Family Assistance, and the Centers for Disease Control for the Dept of Health and Human Services; the Office of Justice Programs in DOJ; Job Corps and workforce development initiatives for the Dept of Labor; and the US military’s personnel and family support programs. During this time, Mr. Croan’s innovative thinking about program strategies and evaluation assisted many of Caliber’s clients to demonstrate exceptional results and to evolve and thrive through challenging financial and political environments. Prior to starting Caliber, Mr. Croan spent five years in the PA Dept of Justice, where he led a program evaluation shop and subsequently directed the juvenile justice and delinquency prevention program. He has also served on multiple advisory and governing boards for non-profits and Universities, including many years as an officer on the Board of Child Care Aware of America. Mr. Croan holds Bachelor of Science and Master of City Planning degrees from MIT.
Alice Phinizy – Manager of Finance & Operations
firstname.lastname@example.org | Boston
As the Manager of Finance & Operations, Alice is responsible for overseeing and maintaining Third Sector’s compliance, finance, office, and IT systems. Alice takes an active role in working with federal grants compliance officers, managing the audit, and working closely with external vendors. Prior to Third Sector, Alice managed the finances and operations for the Women’s Institute for Housing & Economic Development, a nonprofit affordable housing developer. Alice holds an MBA and a BS from Bentley University.
Tim Pennell - Associate Director
email@example.com | Boston
As an Associate Director in Third Sector’s Boston office, Tim provides support for Third Sector’s business development initiatives, including development of partnership strategy and management of partner relationships. He is active in the delivery of consulting engagements, coordination of procurement responses, and implementation of marketing activities. Tim initially joined Third Sector as a Summer Associate in 2012 and continued working part-time while he finished his MBA. Prior to Third Sector, Tim served as Development Manager for Winston-Salem Symphony in Winston-Salem, NC where he managed individual giving, grants, and special events. Tim graduated magna cum laude from Vanderbilt University with a B.S. in Human & Organizational Development and a second major in Music, and holds an M.B.A. with honors from Boston University.
Michael Cwidak-Kusbach - Senior Associate
firstname.lastname@example.org | Boston
As a Senior Associate in Third Sector’s Boston office, Michael delivers feasibility assessments, technical assistance, and deal construction support to government, nonprofit, and philanthropic clients, while supporting Third Sector’s internal performance management. Michael first joined Third Sector as a 2013 Americorps New Sector Senior Summer Fellow. He is concurrently finishing his MPA at Indiana University’s School of Public and Environmental Affairs, concentrating in both Public Finance and Public Policy Analysis, while pursuing a certificate in Social Entrepreneurship from the Kelley School of Business. Before joining Third Sector, Michael worked for newly elected Mayor Pete Buttigieg in South Bend, IN, where he led a team that found over $2 million in savings from operational improvements and led the development of a city-wide performance management system. Before his work in South Bend, Michael was the Director of the Office of Scheduling and Advance for Mayor Adrian Fenty, in Washington, DC. Michael has worked on presidential, senatorial, state, and local political campaigns and is a graduate of Princeton University with an A.B. in Philosophy.
Liya Shuster - Senior Associate
email@example.com | Boston
As an Associate in Third Sector’s Boston office, Liya delivers feasibility assessment, technical assistance, and deal construction support to government, non-profit, and philanthropic clients. Liya previously worked at Goldman Sachs & Company in New York, where she helped multinational corporations in the technology and consumer retail sectors implement hedging programs to manage currency exposure. She also worked with multinational corporations amidst international expansion in mergers & acquisition deals, quantifying the currency exposure and advising on derivative solutions. Prior to Goldman Sachs, Liya spent a year volunteering at Family Place as a Social Entrepreneurship Fellowship with the Tucker Foundation at Dartmouth College. At Family Place, Liya designed a financial literacy component within the jobs readiness program for single mothers. Liya also tested the Grameen micro lending model in a rural setting, engaging MicroCreditNH to provide a microloan and training for mothers’ pilot hat weaving business. Liya graduated from Dartmouth College with a B.A. in Geography and Government.
Alice Yu - Associate
firstname.lastname@example.org | San Francisco
As an Associate in Third Sector’s San Francisco office, Alice delivers feasibility assessment, technical assistance, and deal construction support to government, non-profit, and philanthropic clients. Alice joined Third Sector after previously working in J.P. Morgan’s Public Finance Investment Banking Department, where she worked with the Housing Group, Northeast Group, and Unemployment Insurance Team to support public sector clients. During her time at J.P. Morgan, Alice helped structure and price over $5 billion of debt on behalf of states as well as issuers in the sectors of affordable housing, higher education, and unemployment insurance. Alice has previously worked with non-profit organizations internationally and domestically focused on economic and social development, environmental sustainability, and political transparency. Alice graduated from the Massachusetts Institute of Technology with degrees in Economics and Management.
Sithara Kodali - Associate
email@example.com | Boston
As an associate in Third Sector’s Boston office, Sithara works on client engagements including feasibility analyses, technical assistance and project construction. Sithara previously worked at J.P. Morgan Public Finance as an investment banking analyst. In that role, she helped raise or refinance over $3 billion in capital for public sector clients including states, cities, school districts, universities and airports. While in college, Sithara also held roles at a lobbying firm in Illinois and a non-profit student consulting group. Sithara graduated with honors from the University of Chicago with a degree in economics.
Emily Fabiaschi - Associate
firstname.lastname@example.org | San Francisco
As an Associate in Third Sector’s San Francisco office, Emily delivers feasibility assessment, technical assistance, and deal construction support to government, non-profit, and philanthropic clients. Emily previously worked at FTI Consulting in New York in the Corporate Finance and Restructuring practice. At FTI, she worked with different stakeholders involved with financially distressed companies in a wide variety of industries. She specialized in lender services, providing assessments on distressed borrower’s operating environment, liquidity position and business plan. Additionally, she worked with FTI’s public sector clients, including a project focused on cost savings and revenue collection for the City of Philadelphia. Emily has previously worked with non-profit organizations internationally and domestically focused on education and economic development. Emily graduated with honors from Boston College with degrees in Finance and Marketing.
Alberto Ramos - Associate
email@example.com | San Francisco
As a Summer Associate in Third Sector’s San Francisco office, Alberto delivers feasibility assessment, technical assistance and deal construction support to philanthropic, government and non-profit clients. Alberto previously worked at McKinsey & Company in Mexico, where he consulted in corporate strategy, organizational redesign, and market research projects for clients in the private, public and non-profit sectors. He also designed and implemented operations planning and performance management overhauls in private and public enterprises. Aside from his experience in McKinsey, Alberto collaborated with Ashoka to deliver pro-bono strategy consulting to high-performance non-profits, and worked in several public policy impact valuation projects with the EGAP graduate school. Alberto is an MBA student in the Stanford Graduate School of Business, where he serves as co-president of the Social Innovation Club.
Ashley Zlatinov - Associate
firstname.lastname@example.org | Boston
As a Summer Associate in Third Sector’s Boston office, Ashley supports the delivery of feasibility assessment, technical assistance, and deal construction for government, non-profit, and philanthropic clients. Ashley is currently pursuing a masters’ in public policy at Harvard’s Kennedy School, with a certificate in business and government policy. As director of the school’s public service office, she leads public service events and initiatives and drives partnerships with local service providers in the community. Prior to graduate school, Ashley worked as a researcher and SAS programmer at Mathematica Policy Research, where she analyzed Medicaid and Medicare data, and worked closely with state and federal government officials to launch and analyze health programs. From 2005-2007, Ashley founded a nonprofit organization in Ghana providing antimalarial bed nets. Ashley graduated with honors from Princeton University, with a B.A. in public policy and a minor in global health.
John Perovich - Associate, ProInspire Fellow
email@example.com | San Francisco
John is a ProInspire Fellow in Third Sector’s San Francisco office. Previously, John consulted for nonprofits and social enterprise with Social Enterprise Associates. As a consultant, he developed a SROI model for wetland restoration in the Mississippi River Valley, contributed to Santa Fe County’s “triple bottom line” Economic Development Plan and provided financial modeling and market research for startup social enterprises. In his prior experience, John helped structure over $1.5 billion in consumer credit transactions as an Investment Banking Structuring Analyst at PNC Bank and he managed a small investment portfolio. John earned a M.S. in Financial Engineering from Columbia University and a dual B.S., summa cum laude, in Physics and Applied Mathematics from the University of New Mexico.
Marcia Chong - Analyst, Advisory Services
firstname.lastname@example.org | Boston
Zoe Wong - Analyst
email@example.com | San Francisco
As an Analyst in Third Sector’s San Francisco office, Zoe provides support on the firm’s West Coast operations, business development and special projects. She has previously worked at UBS’s Philanthropy & Values-Based Investing team in Hong Kong; Shokay, a Shanghai-based social enterprise; and SynTao, a Beijing-based CSR and SRI consulting company. In summer 2011, she completed an independent research project on impact measurement approaches and methodologies involving over 70 impact investing practitioners in New York City, San Francisco, London, and Hong Kong. Zoe graduated magna cum laude from Cornell University with an A.B. in Sociology and Asian Studies, and a minor in Inequality Studies.
Mary Beech - RISE Analyst
firstname.lastname@example.org | Boston
Mary serves in the Boston office as a 2014-2015 AmeriCorps New Sector Resident in Social Enterprise (RISE) Analyst. She previously interned in Ethiopia with a USAID market development project focused on dairy, livestock, and meat holistic value chain development. In this position, she interviewed project staff, partners, clients, and beneficiaries to collect information on project outcomes and collaborated with the monitoring and evaluation team to evaluate the public relations potential of performance indicators. In prior summers, Mary interned with USAID’s Economic Growth, Education, and Environment Bureau in Washington D.C. At Tufts, Mary founded a volunteer program at a Boys and Girls Club, bringing over 20 new tutors and volunteers to the Club. Mary graduated magna cum laude from Tufts University with a B.A. in economics.
Jake Moy - RISE Analyst
email@example.com | San Francisco
Jake serves in the San Francisco office as a 2014-15 AmeriCorps New Sector Resident in Social Enterprise (RISE) Analyst. At university, Jake helped direct Georgetown University’s Social Innovation & Public Service (SIPS) Fund, a $1.25 million student-led initiative that strategically invests in and supports student and alumni ventures that have a social impact and serve the public good. He most recently worked as a consulting analyst in New York City where he helped analyze and design executive compensation programs and co-authored a report assessing the linkages between performance and shareholder voting patterns amongst S&P 500 companies. Previously, he also interned for the U.S. Overseas Private Investment Corp. (OPIC), the U.S. government’s development finance institute. Jake graduated magna cum laude from Georgetown University’s Walsh School of Foreign Service with a B.S. in International Politics and a certificate in International Business Diplomacy.
Will Toaspern - RISE Analyst
firstname.lastname@example.org | Boston
Will is a 2014-2015 Americorps New Sector Resident in Social Enterprise (RISE) Analyst serving in Third Sector Capital Partner’s Boston office. During the summer of 2013, Will worked at the Department of Finance at the City of Denver where he assisted the Harvard Kennedy School of Government SIB Lab’s Government Innovation fellow in his efforts to implement a Pay for Success funded intervention in Denver. Specifically, he conducted a feasibility assessment in the issue area of Early Childhood Education. During his time at Stanford University, Will completed an internship at the Department of Interior with the office of the Assistant Secretary for Water and Science and was president of the Stanford Outdoor Outreach Program. He graduated Phi Beta Kappa with a B.A. in American Studies and a minor in Economics.
Betsy Whittemore - Administration & Finance Manager
Betsy currently provides small business administration to non-profit and healthcare companies. Formerly a marketing communications consultant, she worked on numerous advertising, public relations, event planning, and corporate projects across various industries, working with start-ups, corporations, and non-profits. Betsy is a graduate of the University of Virginia with a B.A. in Sociology, Emerson College with a M.A. in Marketing Communications – Advertising and Boston University with a Certificate in Financial Planning.