Alabama Futures Fund Closes $25M Seed Stage Venture Capital Fund

venture capitalBirmingham, Ala.-based Alabama Futures Fund closed a $25m early-stage venture capital fund.

AFF will focus on companies that are headquartered in, or willing to relocate to, the State of Alabama working across a broad range of industries that exhibit the potential for high growth.

LPs in AFF include several prominent institutional and individual Alabama investors, including:
– Protective Life Insurance Company,
– HOAR Construction, LLC,
– Raymond J. Harbert,
– G. Ruffner Page, Jr.,
– Charles Barkley, and
– Benny M. LaRussa, Jr.

The investments will be managed by Redhawk Advisory – a registered Investment Advisor with offices in Birmingham – through its principles, Matt Hottle and Mickey Millsap. Portfolio companies will also benefit from the experience of the members of the AFF Advisory Board, who include:
– David M. Gray,
– Shannon P. Spotswood,
– Stanley L. Graves,
– Deontée D. Gordon and
– Owen Samuels.

FinSMEs

06/09/2018

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