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Philosophy

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  1. Member Participation

    The fund seeks a positive return on its investments, however South Coast members participate for other reasons including: 1) encouraging entrepreneurial companies and entrepreneurship; 2) economic development; 3) meeting and networking with entrepreneurs and entrepreneurial companies; and 4) providing assistance to, and/or mentoring, South Coast portfolio companies based on the member's business and/or professional experience and network.

  2. Investment Return

    Based on the risk profile of an early stage equity investment, South Coast expects a return in excess of what would otherwise normally be available in the stock market. It is recognized that the time horizon, between the initial South Coast investment and a liquidity event for any individual portfolio company may range from five to ten years. South Coast makes every effort, however, to identify investments likely to provide early exit opportunities so that an earlier return might be available.

  3. Geographical Preference

    South Coast Members / Investors expect to be active in assisting and/or monitoring portfolio companies and therefore South Coast is mostly interested in investing in companies located in Louisiana and near the Gulf Coast (I-10 corridor) region of Mississippi and Alabama. Investments outside of an approximately 3-hour drive of New Orleans will only be made for an exceptional investment opportunity. South Coast focuses on early stage companies where a product has been developed, although not necessarily fully functioning, and where the principals and founders are highly committed.

  4. Distributions

    All South Coast investments are made by the fund; with each member having his/her prorata share based on their percent of total fund allocated monies. Cash returns are not distributed until all committed funds have been paid in. Following that event, any exit by sale, IPO or other means of a portfolio company will result in cash out to members relative to their share of the total fund.

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