South Coast Announces Fund II Launch

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New Orleans-based, member-managed angel fund will focus on investing in the Gulf Coast region’s emerging and legacy core competencies

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“We want to catalyze innovation in areas where our region can excel and differentiate itself. We believe that true economic impact comes from developing local industry clusters that capitalize on larger macro-economic trends."

South Coast Capital Management, the administrator of South Coast Angel Fund, a member-managed angel capital fund that has successfully invested in multiple entrepreneurial, early-stage companies in Louisiana and the Gulf Coast community, announces the launch of South Coast Angel Fund II. The Fund is actively recruiting member/investors and plans to open with $4 million in committed-capital. Fund II’s objective is to capitalize on the region’s emerging and legacy core competencies in bio-tech, industrial technology, advanced manufacturing, defense, water management, off-shore, arts and culture and education technology.

“The decision to focus on the region’s core competencies was two-fold,” said fund executive of South Coast Angel Fund II, Jon Atkinson. “We want to catalyze innovation in areas where our region can excel and differentiate itself. We believe that true economic impact comes from developing local industry clusters that capitalize on larger macro-economic trends. The Gulf Coast is well positioned to capitalize on national trends in on-shoring, democratized manufacturing, the development of the internet of things, advanced biotechnology and the resurgence of domestic oil production. We are very focused on finding and developing our region’s next $100 million dollar company.”

On the heels of a successful South Coast Angel Fund I, Fund II was launched to scale its early stage equity investment platform to meet the growing needs and increasing sophistication of members, investors and the entrepreneurial companies in which it invests. South Coast is committed to building best-in-class structures that provide opportunities to maximize portfolio company success. Each investment will be a new partnership, where the full fund becomes the entrepreneur's partner, investing between $150,000 and $500,000 directly, and the ability to syndicate with other angel groups for up to approximately $1 million in total capital needed.

“As a committed-capital fund, South Coast Angel Fund II will offer entrepreneurial companies access to over 60 accredited investors through a single streamlined process,” said Choose Taurman, co-founder of South Coast Capital Management and member of South Cost Angel Fund II. “With a fund model, the full membership works together, through a structured process to evaluate investment opportunities and manage investments over the long term. Capital is committed up front, which provides members with natural portfolio diversification and entrepreneurs a single point of access with a ready checkbook.”

South Coast is holding two upcoming educational seminars for new members interested in becoming angel investors. For more information and to register for the seminar in Baton Rouge on September 16, click here. For the October 16 New Orleans seminar information and registration, please click here.

For additional information on becoming a member/investor or portfolio company of South Coast Angel Fund II, please click here.

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About South Coast Capital Management
South Coast Capital Management was founded in 2010 to organize the first Angel Fund in Southeast Louisiana. The company organizes and coordinates individual “accredited investors” to make equity investments in early stage, high growth potential companies. South Coast Angel Fund I has 43 members and has deployed capital to 5 companies regionally. South Coast fills a critical role in the emerging early stage capital landscape and is poised for growth given the region’s recent spike in entrepreneurial activity. For more information, please visit SouthCoastAngelFund.com

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