Adair Morse

University of California - Berkeley

Haas School of Business

William A. and Betty H. Hasler Chair in New Enterprise DevelopmentProfessor of FinanceFounding Faculty Co-Director, Sustainable and Impact Finance (SAIF) center

Berkeley Law School

Fellow, Berkeley Center for Law and Business
Schmidt Futures Foundation Innovation Fellow
NBER Research Associate

For 2021-2023, I served as Deputy Assistant Secretary for Capital Access at the Department of the Treasury, working on industrial strategy, public-private partnerships, public health, climate finance, EV economics, national security innovation financing, net zero finance principles,  and small business finance. Throughout my service, I worked toward building a Transition Economy that democratized wealth opportunities to Tribal citizens, people of historical discrimination, women, and other under-served populations. Please see some policy work here.

My research spans climate finance, household finance, discrimination, algorithms in finance, corporate governance, impact investing, venture and small business finance, and pension management. Please see my Research here.

Together with Professor Laura Tyson, I Co-Founded and am Faculty Director of the Sustainable and Impact Finance (SAIF) center at Berkeley-Haas. After teaching teaching New Venture Finance for many years, I creating a new fund-as-curriculum model for private markets. I run the Haas Impact Fund (seed investment fund) and the Climate Solutions Fund (other private market investment fund) with MBA partners to invest in sectors such as climate-tech, energy, food and agriculture, the built environment, life sciences, fintech, and health /health equity.

I am proud to have started my career as an entrepreneur and small business owner, struggling for finance like millions of others.