Friday, June 21, 2024

New Louisiana Angel Fund 1 expands portfolio and investments in north Louisiana

by BIZ. Staff

The New Louisiana Angel Fund 1 (NLAF 1) reports it has added a twelfth North Louisiana company to its portfolio of funded companies.

The fund is managed by BRF and is made up of 53 accredited angel investors who make all investment decisions.

The group has committed $2.37 million of $2.67 million since the first quarter of 2015.

Investors have also made separate individual investments accounting for an additional $2.19 million.

The fund’s Internal Rate of Return as of Nov. 14, 2017 on total fund dollars invested is 12.5 percent, with a current portfolio value of $3.29 million.

The fund’s portfolio includes companies from the software, healthcare, IT services, retail, energy and entertainment sectors.

Software technology and healthcare make up 54 percent of NLAF 1’s portfolio, followed by IT services at 19 percent.

The fund, which was launched in 2015, invests solely in North Louisiana-based companies.

The fund’s objective is to provide capital to entrepreneurs and investment opportunities to accredited investors wanting to promote high-growth startup opportunities headquartered in North Louisiana.

Through syndicated investment, local investment, banks, grants and other funding, the 12 North Louisiana companies have generated $38 million in new capital for the local economy.

Sixty-one jobs within Caddo Parish are associated with NLAF 1-funded startups.

Fundraising is ongoing for the next angel fund, NLAF 2. NLAF 2’s goal is to raise up to $5 million to invest in more North Louisiana high-growth startups.

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