General Investment Criteria and Parameters
Geographic Focus: The Fund invests in low-income
census tracts in Kentucky, Tennessee, and the Appalachian counties
of Georgia, Alabama, and Mississippi (click here
for further explanation).
Company Stage: The Fund invests in early- and
Industry Focus: The Fund has a broad industry
focus that includes manufacturing, technology, and software.
Investment Size: The Fund will invest $200,000
- $600,000 in each portfolio company. The Fund will generally
invest in two or more tranches or rounds. The timing of any follow-on
investment will be based on the accomplishment of milestones by
the portfolio company.
Type of Security: The Fund will make an equity
investment and will acquire preferred stock.
Investment Term: The anticipated time for holding
a typical investment is four - seven years (from date of first
investment to date of exit).
Likely Exit Scenarios: The most likely exit
scenarios are external sale/merger or internal management buyout.
However, other exit scenarios, including IPO, are possible.
Co-investors: The Fund may be a sole investor
on occasion, but most likely will lead an investment syndicate
or co-invest in a round led by another institutional investor.
When and as appropriate, the Fund will co-invest with other institutional
investors and with seasoned angel investors.