BR AVC Growth Fund Second Launch Announcement and Webinar
CHARLESTON, SC | September 05, 2024
We are pleased to announce the launch of the second close for the BR AVC Growth Fund, which is a diversified fund investing growth equity in later stage (Series B or later) venture capital portfolio companies.
The target size for the fund is $20 million. The BR AVC Growth Fund had its first close of $11 million in April 2023 and has now invested in seven portfolio companies, with an eighth investment set to close next week. See below for further information about the portfolio companies that the fund has invested in as of the date of this announcement.
To mark the launch of the second close for the fund, we are holding a webinar on Monday, September 16 at 5:30pm ET, where the Acronym Venture Capital team will discuss their outlook for the venture capital market as well as provide an update on the performance of the portfolio companies in the BR AVC Growth Fund.
Thomas Carroll
Ballast Rock - Founder & CEO
“Our team has diligently been reviewing and executing deals since our first close in early 2023 and the fund has now made eight portfolio company investments. We are extremely conservative in our deal review process and will only ever consider investing in a company if we have a high degree of confidence that it is going to clear our stringent investment objectives.”
Simon O’Shea
BRAM - CIO
“We are very excited about the opportunities the current challenging venture capital environment will present for the BR AVC Growth Fund to deploy capital. Having already invested in eight great portfolio companies, the fund will continue to focus on investing in well-run companies with strong fundamentals, solid unit economics, a good growth story and a clear path to profitability.”
About Ballast Rock Group
Ballast Rock Group is an integrated investment management company specializing in delivering risk-adjusted returns, accurate, and timely advice, high quality frequent reporting, and direct access to management. Ballast Rock Group operates Ballast Rock Asset Management, Ballast Rock Private Wealth, and Ballast Rock Capital. Ballast Rock Asset Management comprises Ballast Rock Real Estate, which includes the firm’s Sunbelt multifamily real estate funds, and Ballast Rock Ventures, comprising venture capital and private equity teams. Ballast Rock Private Wealth is a registered investment advisor, with a focus on alternative strategies. Ballast Rock Capital is awaiting approval to become a FINRA-registered broker-dealer. Ballast Rock is committed to being a driver of positive change. The diversity of our team members brings valuable new perspectives to our industry for the benefit of our stakeholders and the broader community.
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Investment Disclosure
The information contained in this press release has been prepared by Ballast Rock Holdings LLC (“Ballast Rock”) without reference to any particular reader’s investment requirements or financial situation. Potential investors are encouraged to consult with professional tax, legal, and financial advisors before making any investment into a private offering of securities. An investment in private securities would be speculative and would involve a high degree of risk. Investors must be prepared to bear the economic risk of such an investment for an indefinite period of time and be able to withstand a total loss of their investment. Please carefully consider the investment objectives, risks, transaction costs, and other expenses related to an investment prior to deciding to invest. Ballast Rock Capital LLC (“BRC”), MEMBER: FINRA / SIPC. BRC’s registered head office is 460 King Street, Suite 200, Charleston, SC, 29403. Tel: 800-204-2513. To check background information about BRC and its representatives, visit FINRA’s BrokerCheck. Please see important disclosure information in our Form CRS.
