The O.H.I.O. Fund, a private investment advisory firm focused on Ohio’s economic growth, has closed its Ohio Institutional Impact Investment Fund, raising $106 million.
In its first year, the firm secured a total of $238 million in commitments, investing in 19 projects across the state. Of this amount, $195 million was allocated to two core funds—the closed Impact Fund and the evergreen Ohio High Growth Investment Opportunities Fund—while an additional $43 million was sourced from special purpose vehicles for direct co-investments. Over 100 primarily Ohio-based investors participated.
The fund’s investments cover sectors such as advanced manufacturing, biotechnology, logistics, workforce technology, real estate, and infrastructure, with notable projects including Eagle Electronics, JucaBio, and Innosource.
The firm has established an Advisory Board comprised of five prominent Ohio business leaders:
– Alex Fischer (Columbus)
– Jim Hoffman (Toledo)
– Tony Manna (Akron)
– Bob Smith (Cleveland)
– George Vincent (Cincinnati)
Looking ahead to its second year, The O.H.I.O. Fund will continue to raise capital focusing on expanding Ohio-based companies and infrastructure projects, while investing in areas such as artificial intelligence, energy supply, and business onshoring.
KEY QUOTES:
“We’re doing what we said we’ll do—invest across the state, build a great team, and deliver results. Promises made, promises kept.”
Mark Kvamme, CEO and Chief Investment Officer of The O.H.I.O. Fund
“There’s a wave of companies in Ohio ready to grow. Historically, these kinds of companies have been held back by limited access to the capital that could support their growth. We’re here to change that—and the market is responding.”
Ray Leach, President of The O.H.I.O. Fund
