Invest Georgia End of Year Report
The Invest Georgia Program (IG Fund, LLC), created by amending Chapter 10 of Title 10 of the OCGA, commenced operations in the first quarter of 2015 with the receipt of the first tranche of capital, $10,000,000. Thereafter, the Executive Director and the Invest Georgia Board conducted a transparent, open bid process to select a Fund Administrator. LCG Associates was selected to serve as the Fund Administrator as of August, 2015 and will hereby be referred to as “Investment Consultant”. After assuming its responsibilities, the Investment Consultant screened qualifying funds and chose a venture capital fund candidate for further evaluation and due diligence. The information gathered in support of an investment recommendation was submitted to the Executive Director, who reviewed and later convened a Board meeting. The first investment for the Invest Georgia Fund was approved December 3, 2015.