# Delta Private Equity Partners

Delta Private Equity Partners is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 1994
- **Assets under management:** Undisclosed
- **Website:** deltapep.com
- **LinkedIn:** https://www.linkedin.com/company/delta-private-equity-partners

## Regulatory record

- **Reports private funds:** No

## About

Delta Private Equity Partners is a private equity manager that invests in Russian companies with growth potential. It has invested over $450 million in 55 companies through The U.S. Russia Investment Fund and Delta Russia Fund. The firm has made 23 investments and 14 portfolio exits.

## Sectors

- Enterprise Software
- Financial Services
- Media & Entertainment
- Consumer
- Industrial Tech

## Offices

- Moscow, Russia

## People

- Patricia M. Cloherty — Chairman and CEO

## Questions

### Who runs investment decisions at Delta Private Equity Partners?

Patricia Cloherty has served as Chairman and CEO since founding the firm in 1994. She previously served as Deputy Administrator of the U.S. Small Business Administration under Presidents Carter and Reagan. The firm's Moscow-based investment team sourced and managed portfolio companies locally, with Cloherty maintaining oversight from New York.

### Which sectors did Delta Private Equity Partners target in Russia?

Delta invested across media, financial services, consumer goods, and enterprise software. Confirmed portfolio companies include STS Media (broadcast television), DeltaBank (consumer finance), Saint Petersburg Cardboard and Printing Plant (industrial packaging), and Prof-Media (entertainment holding). The firm favored sectors driven by the rising Russian middle class and media consolidation.

### Did Delta Private Equity Partners exit any portfolio companies via public markets?

Yes. Delta took STS Media, a national Russian television network, public on NASDAQ in 2006. The IPO was one of the first for a Russian media company on a major U.S. exchange. The exit demonstrated Delta's strategy of installing Western governance standards and public-market readiness in Russian operating companies.

### Is Delta Private Equity Partners still actively investing?

There is no public record of new fund closes or direct investments from Delta Private Equity Partners since the early 2010s. The firm's Moscow-New York bridge structure was significantly impacted by deteriorating U.S.-Russia financial relations, and operational signals went quiet after 2014, with no subsequent deal announcements.

### How did Delta Private Equity Partners source deals in Russia?

Delta leveraged its DFI relationships and local Moscow office to source proprietary mid-market deals during Russia's transition from state ownership. The firm's government mandate and co-investor network provided access to privatized enterprises and entrepreneurs seeking institutional capital and governance upgrades that few Western GPs were prepared to offer.

## Related profiles

- [Deloitte Ventures](https://altss.com/profile/deloitte-ventures)
- [Delta Capital Management](https://altss.com/profile/delta-capital-management)

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Last updated: 2026-06-03T20:00:00.000Z

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