Robert Grady, a managing partner at Carlyle Venture Partners, The Carlyle Group’s US venture and growth capital operation, has been appointed as chairman of the National Venture Capital Association’s (NVCA) board of directors for 2006 to 2007.
As NVCA chairman, Grady will be responsible for setting the public policy agenda and overall strategic direction of the organisation. He joined the NVCA board of directors in 2002 and has since served on the capital formation, membership and government affairs committees.
Grady succeeds Austin Ventures general partner Joe Aragona, who has completed his one-year term as NVCA chairman.
Prior to joining Carlyle, Grady was managing director and member of the management committee at San Francisco-based technology investment bank Robertson Stephens. From 1994 to 2004, he served on the faculty of the Stanford Graduate School of Businesses, teaching a course on ‘Investing in highly regulated industries’. Before that, he was deputy assistant to President George H. W. Bush.
Grady currently serves on the board of directors for Carlyle portfolio companies AuthenTec, Ingenio, Panasas, Secure Elements, Verari Systems and USBX.
In addition, the NVCA announced its new board members: Keith Crandell of ARCH Venture Partners; Barbara Dalton of Euclid SR Partners; Diana Frazier of FLAG Capital Management; John Jaggers of Sevin Rosen Funds; Robert Kibble of Mission Ventures; and Terry McGuire of Polaris Venture Partners. Each will serve a four-year term.