Community Development Venture Capital Alliance

African-American Venture Capital Fund
Address: 310 W. Liberty Street, Suite 507, Louisville, KY 40202
Telephone: (502) 561-1204
Fax: (502) 584-3918
Website: www.aavcf.org
Email: jparham@aavcf.org

Key Personnel:
Jerome Parham, President
Mark Stanton, Vice President

Established: 1993

Total Committed Capital: $9.5 million

Amount Invested: $7.5 million

Geographic Focus: most investments to date have been in the greater Louisville area, but the fund is able to invest in other locations such as Indianapolis, Indiana and Cincinnati, Ohio.

Background
Established in 1993, the African-American Venture Capital Fund, LLC (AAVCF) was formed to provide equity capital investment in African-American owned businesses in the greater Louisville area. The AAVCF provides equity capital for African-American entrepreneurs who are considering owning their own business, expanding an existing business, acquiring a business, or are in need of capital for business reasons.

Social Mission
The Fund aims to enhance the livelihoods of African-Americans in the greater Louisville area by providing capital to grow businesses that create good jobs and wealth for their owners and employees.

Investment Information
AAVCF is located in Louisville, Kentucky and the majority of its investments to date also have been in Louisville. The Fund, however, is able to invest in other locations, such as Indianapolis, Indiana and Cincinnati, Ohio. AAVCF invests in all industries and stages of development, with investments ranging from $10,000 to $1 million. The Fund has no co-investment preferences.