Venture Capital Investment Fund

The Venture Capital Investment Act of 2001 authorizes the Arkansas Development Finance Authority (ADFA) to raise significant amounts of venture capital for investment within the state. ADFA has authorized the U.S. Partnership for State Investment to be the Designated Investor Group for the Arkansas Institutional Fund (AIF). The AIF is authorized to invest in professionally managed venture capital funds that in turn make risk capital more accessible to promising Arkansas firms.