John Freyhof has over fifteen years of direct investment and advisory experience and joined Mad River Associates as a Managing Director in June 2003. Prior to joining Mad River Associates, Mr. Freyhof co-founded TRF Urban Growth Partners, a $50 million fund specializing in socially responsible investments in middle-market manufacturing and service businesses. Mr. Freyhof has been involved in assisting companies with fundraising, business plan development, strategic marketing and new product development as an advisor, board member and investor. From 1997-2003, Mr. Freyhof was responsible for originating and managing investments in a portfolio of fifteen technology, manufacturing, software and service companies as a Managing Director at PNC Capital Markets and TRF Urban Growth Partners. From 1987-1997, he served as an advisor to nearly 300 early stage technology companies who subsequently went on to raise over $500 million while serving as Director of Venture Development at a Carnegie Mellon University spin off called the Enterprise Corporation of Pittsburgh. Mr. Freyhof holds a BS in accounting, cum laude, from Syracuse University and an MBA from the Graduate School of Business at the University of Pittsburgh. He is also a registered investment representative. Mr. Freyhof manages the Mad River Associates Philadelphia office.