TEDCO Announces Selection of SSBCI Advisor and Allocator

Key Facts

In this role, Recast Capital will review and recommend venture fund managers that have the processes and structures to responsibly manage and invest up to $10 million U.S.
Recast Capital will help identify first-time, underrepresented venture fund managers as part of TEDCO’s Venture Capital Limited Partner (VCLP) strategy Recast Capital Earlier this year TEDCO announced an infusion of up to $50 million in funding from Treasury State Small Business Credit Initiative.
TEDCO's SSBCI funds will be used to support recipients of TEDCO's Venture Equity Fund, Seeds Funds Equity program, and Social Impact Funds—as well as the $10 million earmarked for the Venture Capital Limited Partner (VCLP) Equity program for which TEDCO has now selected Recast Capital to advise on the allocation of such VCLP funds.
"At Recast, we are proud to support emerging managers with the perspectives needed to drive our industry ahead and look forward to assisting TEDCO identify such managers for their programs in Maryland."