North Carolina Venture Capital Multiplier Fund

The North Carolina Venture Capital Multiplier Fund is a venture capital vehicle set up with the State of North Carolina and run by Hatteras Venture Partners. Its launch was announced on 28 February 2017. Most of its capital is meant for co-investing alongside other venture funds and angel investors in companies with a North Carolina link.

What the North Carolina Venture Capital Multiplier Fund does

• Co-investment: putting money into early-stage companies alongside other venture firms and early-stage investors.
• Fund commitment: a portion of the capital is committed to Hatteras Venture Partners V.
• Investor partnerships: a special adviser, Charles Merritt, helps build co-investment relationships with other managers.

Customers and markets

The fund targets companies with a North Carolina nexus, meaning they are headquartered in the state, have significant operations there, commercialise intellectual property developed there, or would set up or expand major operations there after an investment.

Key facts

• Manager: Hatteras Venture Partners, based in Research Triangle Park, North Carolina
• Manager's focus: seed and early-stage biopharmaceuticals, medical devices, diagnostics and healthcare IT
• Manager's record: investments in 22 private companies with North Carolina roots
• Announced: February 2017