Richard Sheridan was President and CEO of SEAF from June 2008 to June 2013. He was previously President and CEO and remains a member of the Board of Directors of Baltic-American Enterprise Fund (BalAEF.) Mr. Sheridan was associated with BalAEF from its inception in 1995 and appointed President in 1999.
BalAEF is an investment fund established pursuant to legislation enacted by the U.S. Congress to promote private sector development in the Baltic States. Originally capitalized with $50 million, the fund was chartered to make direct investments, provided technical assistance, establish a track record to catalyze private capital participation, and return proceeds through the divestiture of its holdings to the private sector. As CEO, Mr. Sheridan established a growth and external capitalization strategy for BalAEF through the formation of Hanseatic Capital and AmCredit, the commercial finance and residential mortgage subsidiaries of the fund. In aggregate, these businesses mobilized $300 million in multi-lateral and private sector financing, invested substantially in the Baltic economies as part of BalAEF, and were subsequently acquired by Arco Capital Corporation and AIB between 2007 and 2008.
Mr. Sheridan is a member of the Board of Directors of the Baltic American Freedom Foundation, the successor to BalAEF.
Before joining BalAEF, Mr. Sheridan was Managing Partner of Cornell Capital Group, a finance and business planning consultancy he co-founded in 1989. He holds a B.A. from Boston College and an M.B.A. from Villanova University.