GLENS FALLS, N.Y., Nov. 19, 2007 (PRIME NEWSWIRE) -- The Upstate Venture Association of New York (UVANY) has elected Scott Murphy as the organization's President for 2007-2008. Murphy is managing director of Advantage Capital Partners, a leading private equity firm. He is an experienced entrepreneur and venture capitalist who has invested in 11 companies in upstate New York.
"We are thrilled that Scott Murphy has agreed to serve as our next President. Under his skilled leadership, the organization will continue to work to foster increased capital investment across upstate New York," said Bob Buckley, Executive Director of UVANY.
Murphy has served on the Board of UVANY for five years. During his tenure, the organization has launched a new website which serves as a centerpiece for UVANY's outreach and collaboration efforts to promote and facilitate investments throughout upstate New York.
About Upstate Venture Association of New York
With a focus on education, events and advocacy, the Upstate Venture Association of New York, Inc. (UVANY) seeks to advance the number, scale and quality of private equity investments across New York State (https://www.uvany.org/). Working with entrepreneurs, companies seeking funding, private equity firms and professionals, UVANY strives to improve deal flow and facilitate greater availability of capital for all investment stages.
About Advantage Capital Partners
Advantage Capital Partners (http://www.advantagecap.com) is a private equity and venture capital firm focused on early stage companies and other investments supporting state and local economic development. With offices in New York, New Orleans, St. Louis, Austin and other U.S. cities, Advantage has raised more than $800 million in institutional private equity since 1992 and invested in companies located in geographic areas underserved by traditional venture capital.