Investing in Iowa's Entrepreneurial Ecosystem
Fund of Funds
CCP The Iowa Fund of Funds is managed by Cimarron Capital Partners.
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State Support for Venture Investing

Legislation enabling the creation of an Iowa Fund of Funds:

The statutes below may be found at the Iowa General Assembly website.

Iowa Capital Formation Act ("Fund of Funds" bill) (2002-House File 2078, as amended) - enacted into statute as Chapters 15E.61 through .69. Created a Fund of Funds for venture capital investment. Provides contingent tax credits up to $100M to support capitalization of the Fund of Funds.

Other venture investment related legislation:

Seed Capital Investment Credit ("Angel Investor" bill) (2002-House File 2271, as amended) - enacted into statute as Chapters 15E.41 through .46. Creates a tax credit for individuals who invest directly into a qualifying business or a community-based seed capital fund. The tax credit equals 20% of the taxpayer's equity investment. The maximum amount of credit for an investment by an investor in any one qualifying investment may not exceed $50K per investment. Tax credits for investment are limited to five investments per year per taxpayer. Aggregate amount of credits available is $10M.