About TEC Financial
The reputation of an alternative investment manager is its most valuable asset. TEC Financial, LLC (“TEC”) partners with clients to provide bespoke finance, accounting and compliance solutions that add value, promote operations and mitigate risk. TEC was formed by Terry Elizabeth Cheyney (née Everett), who prior to founding TEC, was one of the nation’s most sought-after and respected private equity Chief Financial Officers & Chief Compliance Officers.
The company’s cornerstone is predicated on the Founder’s decades of finance, accounting and compliance experience. We approach each client relationship as a long-term partnership with a nuanced approach to each engagement, while achieving favorable outcomes for clients with their investors and regulators.
Terry Elizabeth Cheyney
Founder & CEO
Terry Elizabeth Cheyney has more than 25 years of experience in finance and accounting, compliance and operations from both traditional industry as well as alternative investments.
Prior to founding TEC Financial, Terry was the Chief Financial Officer and Chief Compliance Officer of Rockland Capital, LP, a Houston-based investment manager registered as an investment adviser with the U.S. Securities & Exchange Commission, a position she held for nine years. In her role as both CFO & CCO, Terry was responsible for the financial management, investor relations, treasury & portfolio management, compliance, IT & administration of Rockland’s funds and their portfolio companies. Prior to Rockland, Terry was the Vice President of Finance for Perseus, L.L.C., a Washington D.C. based merchant bank and private equity fund manager with more than $1.6 billion in committed capital across seven funds. She also spent four and a half years with The Carlyle Group in their Washington, D.C. headquarters where she oversaw the financial management, operations, and investor reporting for 62 global private equity fund entities. From working with first-time fund managers, and registering them with the SEC such as Rockland, to running a large back office at The Carlyle Group, Terry possesses a unique variety of finance, accounting and compliance experience in the alternative investments industry.
In addition to her alternative investments industry experience, Terry has traditional finance and accounting experience having spent several years in the Corporate Financial Reporting department for Salt River Project (“SRP”), the nation’s third largest public power utility with more than $7.4 billion in power generation assets. While at SRP, Terry was involved in the preparation of the company’s audited financial statements, business-unit management financial reporting, and activity-based cost accounting. Terry was also previously a Senior Analyst with Arthur Andersen, LLP.
Activities & Affiliations
• Private Equity CFO Association, Founding Member (Houston Chapter)
• Houston Symphony, Governing Director & of Finance Committee Member
Speaking Engagements
“Private Equity Operations and Compliance Issues”, Thompson & Knight Private Equity Institute, Houston, March, 2017
“Fund Economics”, (Speaker), “Technology & Cyber-Security”, (Moderator), “Too Hot to Touch - Closed Door Session” (Facilitator), SuperReturn U.S. 2016, Boston, June, 2016
“Mitigating CCO Liability in Policies & Procedures”, Private Equity International CFOs & COOs Forum, New York, January, 2016
“CFO as CCO, COO, Head of IR: The Modern, Multi-tasking CFO” and “Cyber-Security: What You Don’t Know Can Hurt You”, Private Equity International PE/VC Finance & Compliance Forum, San Francisco, October, 2015
“Successfully Addressing Key Valuation Issues for Private Equity Funds” and “Effectively Addressing the Risks of Cyber-Security”, Financial Research Associates Private Investment Fund Accounting, Operations & Compliance Forum, San Francisco, August, 2015
“Cyber-Security & Risk Management” (Speaker), Invitation-Only CCO Think Tank Session Facilitator, Private Equity International Private Fund Compliance Forum, New York, May, 2015
“Promoting Sound Valuation Practices”, Financial Research Associates Private Equity Operations & Compliance Forum, New York, November, 2014
“Networking Series C-Suite Roundtable Discussion”, Texas Wall Street Women, Houston, November, 2014
“Understanding the Role of Compliance in the Valuation Process”, Private Equity International PE/VC Finance & Compliance Forum, San Francisco, September, 2014
“Women & Public Speaking”, Texas Wall Street Women: Networking & Educational Series Panel Discussion, Houston, July, 2014
“The Role of Compliance in the Valuation Process”, Private Equity International Private Fund Compliance Forum, New York, May, 2014
“SEC Exam: What to Expect When You’re Expecting…the SEC” (Speaker), Invitation-Only CFO Think Tank Session Facilitator, Private Equity International CFOs & COOs Forum, New York, January, 2014
“The Changing Tide of LP Terms and Conditions”, Financial Research Associates Private Equity Operations and Compliance Forum, New York, October, 2013
“Successfully Managing the Resources of Your Office”, Private Equity International Private Fund Compliance Forum, New York, May, 2013
“Balancing Act - Infrastructure and Technology to Manage the Compliance Function Effectively”, Private Equity International CFOs & COOs Forum, New York, January, 2012
“Administration of Employee Co-Investment Programs”, Private Equity International Private Equity Strategic Financial Management Conference, New York, July 2007
“Managing Employee Co-Investment Programs”, Private Equity International Private Equity Strategic Financial Management Conference, New York, July 2006