Fund Strategy
Target Committment | $20 Million |
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Fund Type | Startups & Early-Stage Black owned enterprises |
Investment Vehicle | Limited Partners |
Investment Minimum | $500,000 Private; $2 Million Institutional |
GP Committment | 1% |
Management Fee | Actual expenses for years 1-3 (the startup period), but not exceeding 4% of committed capital in any year, then 2.5% of portfolio value. |
Incentive Fee | 20% after 8% preferred return |
Investment Period | Eight years from the final closing date, subject to two one-year extensions at GP's discretion. |
Fund Term | Ten years from the final closing date |
Target Return | 15% |
Leverage | For buy-out purposes only. Maximum of 25% of the greater of the fund-level fair market value or fund-level projected total investment cost at the time of indebtedness is incurred; HI Mark Capital may utilize a line of credit to bridge capital calls. |
Exit Strategy |
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Value Proposition
- Public/Private Partnerships (Government, PE Firms, Corporations, and Foundations)
- Provide Growth and Scale Capital for SC Companies
- Acquire High Growth Businesses and Relocate to SC
- South Carolina Black-owned Enterprise lnvestment Thesis
- Advanced Econometrics Due Diligence Process
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