Claire Broido Johnson has been managing director of the fund since 2019, but Maryland Momentum Fund is looking to hire someone else.

Claire Broido Johnson, current managing director of the Maryland Momentum Fund

Maryland Momentum Fund, the venture fund of University System of Maryland, has launched a search for a new managing director, a job advert reveals.

The fund is currently led by Claire Broido Johnson, who became managing director in July 2019 after a short stint as interim vice-president of infrastructure at Thread, a non-profit focused on supporting youth facing opportunity and achievement gaps.

She has also been running her own consultancy, CBJ Energy, since 2011, where she works with a broad array of energy sector-related clients, ranging from pre-fabricated housing construction companies to solar developers.

The revelation that Johnson may be about to leave comes a month after she revealed plans to seek an additional $6m for the fund, to be deployed in $2m tranches over the next three years. Maryland Momentum Fund was launched with $10m in 2016.

Maryland Momentum Fund had made 34 investments across 24 companies by April 2022, 26 investments having been made since Johnson took over.

It remains unclear whether Johnson would take a new position with the fund or would leave entirely. She has been approached for comment and we will update this article as appropriate.

– Image courtesy of CBJ Energy