CEO of Invenergy, Chair of the Investment Committee
With 30 years of experience in the energy industry, Michael Polsky is widely recognized as a pioneer and industry leader in the cogeneration and independent power industry of North America. He founded leading clean energy company Invenergy more than ten years ago. In 1991, Polsky founded SkyGen Energy—a developer, owner and operator of natural gas-fueled generating plants—which was purchased by Calpine Corporation in 2001. Before forming SkyGen, Polsky co-founded and was President of Indeck Energy Services Inc. Polsky holds an MSME Degree from Kiev Polytechnic Institute and an MBA from the University of Chicago. In 2002, Polsky endowed a center for Entrepreneurship at the University of Chicago Graduate School of Business, which is named after him.
With over 20 years of experience spanning startups, private equity, research and operations, Ms. Francetic oversees Invenergy’s sourcing and integration of technology innovation and strategic investments that leverage its operating portfolio. Prior to Invenergy, Francetic served as co-founder and CEO of technology accelerator Clean Energy Trust where she oversaw a portfolio of dozens of early-stage investments across cleantech, which have raised over $100 million in follow-on capital. She also held roles at private equity firm MVC Capital and Stanford Research Institute. Previously, she was co-founder and CEO of a tech company that she sold to Lego Systems.
Francetic serves on Advisory Boards for the WISER Institute at the Illinois Institute of Technology, Northwestern University and the Museum of Science and Industry. In 2014, she was awarded the Corporate Citizen of the Year Award from the Executives’ Club of Chicago, and Leading Woman in Technology from the Illinois Technology Association. She has a BA from Stanford University.
President and COO of Invenergy, Member of Investment Committee
Jim Murphy has more than 30 years of financial and management experience, primarily in the energy industry, having managed the negotiation and execution of more than $20 billion in private equity and debt investments, power plant acquisitions and sales and project debt and equity financing. He is a member of Invenergy’s founding group and is responsible for the general management of the company, as well as corporate and project finance, risk management, and asset optimization. Murphy currently is a member of the Board of Directors of the American Wind Energy Association (AWEA). Prior to the formation of Invenergy, he was Chief Financial Officer at SkyGen Energy, LLC, and previously was a Vice President with financial advisory and investment firm The Deerpath Group, Inc. and a manager with Arthur Andersen. He earned a BS from the University of Illinois, magna cum laude, as well as CPA certification.
John Tough brings over ten years of experience in finance, investing and operational roles. He is integral to all aspects of the Fund’s operations, including leading sourcing efforts, developing investment theses, driving diligence of potential investments, and supporting and monitoring portfolio companies. Previously, Tough was a venture capital associate for Kleiner Perkins Caufield & Byers’ Green Growth fund, where he focused on platform investments at the intersection of technology and energy. Tough was actively involved in research, diligence and investment execution across a variety of verticals, including asset integrity and monitoring, electric vehicle services, business process management (BPM) for energy and industrial applications, and capital light consumer engagement business models. These areas of focus led to three investments including Choose Energy, where he took a position after KPCB’s investment as the first non-engineer. Most recently, Tough was Chief Revenue Officer at Choose Energy, the largest online energy marketplace in North America that originates over $1 billion of energy supply annually. At Choose Energy, he led all operations and growth and raised over $30 million in capital. John holds an MBA from the University of Chicago and a BS from Duke University.
Juan Muldoon focuses on sourcing, evaluating, valuing, executing and managing the Fund’s portfolio. He is also the main interface between the Fund and partners in administration, audit and finance. Furthermore, Muldoon helped develop and manages the Fund’s budget and economic model. Prior to joining Invenergy, Muldoon worked at JPMorgan Chase, developing expertise in business analysis, multi-asset class trading, investments strategy, and portfolio management. Muldoon has also worked in venture capital, leading diligence and investments for early-stage companies in technology, financial services, consumer products, and enterprise services. He holds an MBA from the University of Chicago and a BA, magna cum laude, from the University of Notre Dame.
Carmeanna has more than five years of experience in office management and administrative responsibilities. Eberly supports the Fund in all administrative duties and is dedicated to ensuring smooth operations and communications with entrepreneurs and limited partners. Since graduating with her BA from Wheaton College, Eberly worked as House Manager for a professional theater. Most recently, she worked as Office Coordinator for Goldman Sachs’ Private Wealth Management department in Chicago before taking her role with the Invenergy Future Fund.