PRINT THIS PAGE US Zero Stage Capital hires former California state treasurer Matt Fong 25/01/2005. Source: AltAssets. 
 Matt Fong, an international business strategist and former state treasurer of California, has been appointed special general partner of Massachusetts-based venture capital firm Zero Stage Capital.
'Matt brings a strong institutional perspective on investment strategy, operations, and corporate governance, and a unique blend of entrepreneurial, financial, political, and legal expertise, to our investment portfolio,' said Zero Stage Capital managing director and chairman Paul M Kelley.
'Building high-growth, high-value companies requires working closely with them as they adapt to changing conditions and emerging opportunities. What makes that possible is deep experience and astute insight, both of which Matt has in rich supply,' Kelley continued.
Previously Fong was state treasurer of California and vice chairman of the State Board of Equalization, California's tax agency. He also served as a trustee of CalPers and CalStrs Pension Funds, with over $200bn in investment assets.
President George W Bush appointed Fong to serve as chairman of the Pension Benefit Guaranty Corporation Advisory Committee, which provides fiscal oversight and corporate governance to a $36bn investment portfolio protecting America's workforce enrolled in defined benefit pension plans.
Fong, founder and president of Strategic Advisory Group, is also a member of the board of advisors to RAND Center for Asia Pacific Policy where he provides advice on defence, economic, and social policies between the US and Asia. In addition, Fong serves on the Toffler advisory board.
Fong is an independent director for Trust Company of the West, a complex of mutual funds, and Vialta, a home entertainment products company.
Zero Stage Capital, founded in 1981, invests in emerging companies in the life sciences, IT/communications and energy-related technology sectors. The firm has more than $425m in capital under management and has invested in more than 100 companies.
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