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Linn Grove Growth Funds

United States of America

Last updated 13 May 2020, by Impactyield.

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Linn Grove Ventures (LGV) believes that there is an excellent opportunity for great investment returns at the exciting collision of health, agriculture, food, and nutrition markets. The team will manage one of the largest funds in this space, bringing a truly unique approach, which will create new and innovative companies that provide healthy products focused on health and wellness. The manager believes that the projected increase in global demand for food (especially animal protein),constraints on productive land availability, increasing costs of health care, negative health trends of both developed and emerging markets, and increased regulatory scrutiny of agriculture are all significant factors creating unmet market need which the Mid-Continent region (US and Canada) is best prepared to meet through innovation.

Ultimately, market forces and new regulations will force food and nutrition companies to innovate around healthier inputs to help prevent disease. This creates a great opportunity for superior returns.

Linn Grove Growth Funds will implement an investment strategy of financing primarily life science opportunities where the manager believes it has significant advantages and add extensive value (likely operating or board expertise). Opportunities include product, service and technology companies in important health and wellness market sectors such as agriculture, nutrition, and food safety.



Financial description

We are raising a $125 million fund, to invest in 12-18 companies. We seek to provide 22% IRR, or 2.7X on capital, by pursuing early inflection points for M & A exits. We will found companies from a research bench to meet unmet market needs, in keeping with our history of company founding.

12 years

of track record

2012

the year funded

125,000,000 USD

AUM

Interested in this fund?
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Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.

Asset manager

SDG goals

SDG targets

Encourage companies to adopt sustainable practices and sustainability reporting

Sustainable food production and resilient agricultural practices

Expand and upgrade energy services for developing countries

Full employment and decent work with equal pay

Key performance indicators

Fund overview

Asset manager: Linn Grove Ventures

Product track record: Fund has 12 years of track record

Target IRR: 22%

Committed Capital: 0 USD (US Dollar)

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage: ,

Inception year: 2012

Vintage year: n.a.

Target region: , , ,

Target close date: 01/12/2012

Product term: 10 year term + 3 x 1 yr ext

Assets under management: 125,000,000 USD (US Dollar)

Investment size: Min: 250,000; Max: 12,000,000; Avg: 7,000,000

Co-investment policy: ,

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 0

Fund investments to date exited or repaid: 0

Management fee: 2.5%

Carried interest: 20%

Hurdle rate: n/a%

GIIN Investors' Council Investment: No

Limited Partners / Investors: n.a.

Limited Partner / Investor Type: Development Finance Institution (DFI), Endowments/Foundations, Family Office, Pension Funds, Other Institutional Investors

Contact

E-mail: n.a.

Website: http://www.linngroveventures.com

Phone number: 701-640-4142

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Bo Nickoloff

General Partner

Dan Hodgson

General Partner

John Deedrick

Managing Partner

Impact Performance

n.a.

Impact thesis

LGV will invest in innovation that improves the production and safety of food, as agriculture moves to feed 9 billion people, and innovation to improve health outcomes, as health care, which has become unaffordable, looks to inputs to reduce obesity, diabetes, gluten intolerance. Healthier traits in food crops, technology to improve food safety, technology to improve production, and innovation based on innovative research in understanding human metabolism, provide an opportunity to invest in sustainable opportunities to directly and measurably improve the human condition. Outcomes will include job creation in the Mid-Continent, providing capital in an underserved market, helathier and sustainable ag inputs, and solutions for emerging markets in agriculture and nutrition.

Impact Management

n.a.

Financial benchmark