VC Mark Kvamme is raising $500 million for something akin to a sovereign wealth fund for Ohio.
Dubbed The Ohio Fund, the investment company will be funded by Ohio institutions and individuals.
The Ohio Fund will need to hire investors who founders want to work with.
Mark Kwamme, partner emeritus at Drive Capital, is raising a statewide fund in his home state, Ohio.
If The Ohio Fund reaches its fundraising goals, Kvamme, according to the presentation, plans to serve as president and chief investment officer.