SO
State of Indiana
Government Non Profit · Founded 2009 · Indianapolis, United States
Who State of Indiana is.
- Historical Background
- The Indiana Affordable Housing and Community Development Fund, also known as the Development Fund, was created in 1989 to finance affordable housing and community economic development projects throughout Indiana. The Development Fund is managed by the Indiana Housing and Community Development Authority (IHCDA), a quasi-agency of the State of Indiana. The Indiana Office of Community and Rural Affairs (OCRA) is another key state entity, which collaborates with various partners to offer resources and technical support for community and economic development initiatives.
- Source of Capital
- The Development Fund's capital is authorized by Indiana Code 5-20-4, indicating a state-level funding source. The IHCDA also administers federally funded programs, such as the HOME Investment Partnerships Program and the Community Services Block Grant (CSBG). The OCRA is responsible for distributing federal funds for a range of projects, including water infrastructure, public facilities, and blight clearance.
- Allocation Strategy
- The Development Fund provides financing for affordable housing and community economic development projects. The IHCDA's focus is on the entire spectrum of housing, from homelessness to homeownership, with the goal of promoting self-sufficiency and strengthening communities. The OCRA's allocation is directed towards a variety of projects, including water infrastructure, public facilities, blight clearance, and Main Street revitalization.
The funds State of Indiana backs.
State of Indiana is a limited partner in 49 funds. 15 of them place in the Power Law Investor Ranking; those lead, best-ranked first.



















How State of Indiana’s fund book is spread.
The 49 funds State of Indiana backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters.
- North America 4286%
- Europe 510%
- Rest of world 24%
United States 42 · France 2 · Hong Kong 1 · Israel 1
How established those managers are
Managers grouped by how many funds they have raised — across the 35 of 49 with a fund history on record.
The companies State of Indiana backs directly.
State of Indiana holds 21 companies directly, separate from the funds it commits to as a limited partner. Broken down by headquarters country, sector, entry stage and current growth stage.
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USA21
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Kids4
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Health2
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Telecom2
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Education1
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Event Tech1
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Food1
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Sports1
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Early Growth7
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Mature7
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Breakout Stage4
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Late Growth1
Inside State of Indiana’s portfolio.
The 17 highest-funded portfolio companies, of 21 tracked.
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FrOther LPs.
Other Government Non Profit LPs in the Power Law LP ranking, closest to State of Indiana by combined power-law score, with the assets each one manages and how many VC funds it backs.