Agency looks to spur capital

"This board is economic development-focused, not investment-focused."

It’s a difficult task: Private equity and venture capital are almost nonexistent.

The investment program was created by Senate Bill 75 and approved by the 2011 Legislature. The fund has $50 million to invest from the state’s Permanent School Fund into private equity deals, everything from startups to buyouts of existing companies.

By Chris Sieroty

Full Story: http://www.lvrj.com/business/agency-looks-to-spur-capital-134483758.html