The Foundation has recently made a $4 million commitment to the Colorado Impact Fund, a private equity fund focused on providing growth capital to Colorado businesses that have the potential to generate market returns and produce social and/or environmental benefits for the state. This investment represents the Foundation’s first mission-driven investment within its portfolio. The Fund has closed on $64 million of initial capital commitments. Management of the Colorado Impact Fund is being provided by Jim Kelley (Managing Director), Ryan Heckman (Senior Advisor) and Ryan Kirkpatrick (Partner). Both Kelley and Heckman are highly experienced private equity professionals. Management support for the Fund is being provided by Vestar Capital Partners at cost. Kelley is contributing his time to the management of the Fund, and unlike other private equity funds, the general partner will receive no carried interest compensation.