Pictures of 2011 CFDA Winner Joseph Altuzarra and the Celebrity Party Pack: Chloe Moretz, Doutzen Kroes, Amanda Seyfried & more

As CFDA/Vogue Fashion Fund winner, you receive not only a nice cash prizeto to further your business, but a mentor to guide your specific needs. That's pretty important stuff — just ask the fund's first winners, and now industry heavyweight, Proenza Schouler how the award has shaped its business. Now, there's a new member to add to the winners' circle; the adorable, and undeniably talented designer, Joseph Altuzarra. He solidified his place in that exclusive club, taking home top honours at yesterday's eighth annual CFDA/Vogue Fashion Fund Awards — including a $300,000 (USD) prize. Sharing in the winnings, Pamela Love of Pamela Love Jewelry and Creatures of the Wind's Shane Gabier and Chris Peters were crowned runners-up and each received $100,000. As for last night's guests, a cool crop of designers, models, and Hollywood fashion fans turned out to fête the talented young designer. Click through to see all the fashionable arrivals, and join us in congratulating this year's big winner.