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David Eccles School of Business Creates Nation’s First Independent Student-Run Venture Capital Fund

September 22, 2010View for printing

The University of Utah’s David Eccles School of Business today announced the creation of the nation’s first independent student-run venture capital fund investing in startup companies designed to solve problems associated with social issues such as poverty and pollution while generating a profit for investors.

The University Impact Fund (UIF – taps into the emerging “impact investing” industry that applies the disciplined methods of private equity investing—from due diligence to exit strategies—to the desire to solve some of the world’s most vexing social and environmental problems. Impact investors, for example, may put profit-seeking capital into services such as microloans, mobile banking or affordable housing for people at the bottom of the global economic pyramid, nearly 4 billion of whom live on less than $2 a day.

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