MICHIGAN ROSS SCHOOL OF BUSINESS

Change Agent Entrepreneurs: We invest in inspiring leaders, both students and non-students, capable of assembling a world-class management team that shares their passion and commitment to the enterprise's sustained social impact... Alignment with Investment Areas: We invest in enterprises generating a profit and responding to critical challenges within Education, Food Systems & Environmental, Health, and Urban Revitalization... Recognizing the risk of any start-up enterprise, the SvF has a target blended Internal Rate of Return (IRR) similar to that of traditional Venture Capital Funds (VC) . However, unlike a VC we calculate our blended IRR by combining our financial, social and environmental returns to deliver an overall value to our funders that is commensurate with their risk. The SvF is an evergreen fund, investing all returns into existing portfolio companies or new enterprises.