About This Fund
The Ohio Institutional Impact Investment Fund (the "Impact Fund") is the institutional impact investing vehicle of The O.H.I.O. Fund, a private fund investment adviser co-founded in 2024 by Mark Kvamme and Ray Leach and headquartered in Columbus, Ohio. The fund fully closed at $106 million in June 2025, drawing institutional commitments primarily from Ohio-based investors, foundations, and impact-oriented allocators seeking measurable economic and social returns alongside financial performance. The Impact Fund represents a cornerstone of The O.H.I.O. Fund's strategy to channel institutional capital into Ohio's growing innovation economy.
The Ohio Institutional Impact Fund deploys capital alongside The O.H.I.O. Fund's flagship Ohio High Growth Investment Opportunities Fund, with an explicit emphasis on investments that generate measurable economic and social impact within the state of Ohio. The fund targets opportunities across advanced manufacturing, biotechnology, real estate, infrastructure, and workforce technology—sectors where Ohio demonstrates durable competitive advantages and where capital deployment can drive job creation, regional economic growth, and community benefit. The fund's diversified mandate spans early-stage venture and real assets, providing investors with broad exposure to Ohio's innovation ecosystem while maintaining an impact measurement framework.
The O.H.I.O. Fund's combined platform invested $196 million across 30 companies and real estate projects in its first year, generating over $75 million in total returns through January 2026. The Impact Fund closed at its $106 million target in June 2025, marking a significant milestone for the Ohio institutional investment community and demonstrating the depth of LP appetite for Ohio-focused impact capital. The O.H.I.O. Fund has continued to scale its operations in 2026, expanding its team, broadening its portfolio, and accelerating its deployment pace with new institutional commitments from both Ohio-based and national impact allocators.