Founder and CEO, Cherokee Fund
Tom Darden is founder and CEO of Cherokee and its predecessors. Cherokee has raised over $2.2 billion in five institutional private equity funds, and invested this capital in the acquisition, cleanup, development, and sale of approximately 550 environmentally contaminated real estate assets in the US, Europe and Canada.
Tom began investing personal capital in environmental companies before raising institutional private equity funds, and approximately 25% of his early stage investments have been founded or co-founded by him. Since the 1980’s he has invested in over 100 companies including Cherokee Environmental Risk Management (environmental insurance), Brownfield Revitalization (new markets tax credits for brownfield redevelopment), Tethis (biological superabsorbent), Living Homes (green buildings), Cherokee Biotechnology (biological remediation), Cherokee Solar (solar energy), Eco-Site (cell towers), Consert (demand-side energy management), PGSI (supply-side energy management), and Industrial Heat (energy).
Tom began his career with Bain & Company in Boston, working with Bain from 1981 to 1984. Beginning in 1984, he served for 16 years as the Chairman of Cherokee Sanford Group, the largest private brick manufacturing company in the United States and previously the Southeast’s largest soil remediation company.
Tom has served or continues to serve on numerous boards, including the Boards of Shaw University, Environmental Defense Action Fund, Research Triangle Institute, the University of North Carolina’s environmental department, Winston Hotels, Waste Industries, Gentra Systems, Consert, Inc., Evofem, The Prince of Wales Trust, WakeMed Hospital, and Helping Hand Mission. He was Chairman of the Research Triangle Transit Authority and served two terms on the N.C. Board of Transportation, through appointments by the Governor and the Speaker of the House.
Tom earned a Master in Regional Planning from the University of North Carolina at Chapel Hill, a JD from Yale Law School and a BA from the University of North Carolina at Chapel Hill, where he was a Morehead Scholar. His 1976 undergraduate thesis analyzed the environmental impact of third world development and his 1981 Yale thesis addressed interstate acid rain air pollution.