Fund Profile:

The Southern Appalachian Fund (SAF)

P.O. Box 1738
362 Old Whitley Road
London, KY 40743-1738
Telephone: (606) 864-5175
Website: www.southappfund.com
Email: info@SouthAppFund.com

Key Personnel:
Ray Moncrief, President, Southern Appalachian Management Company, LLC and Fund Manager
Grady Vanderhoofven, Executive Vice-President, Southern Appalachian Management Company, LLC and Assistant Fund Manager
Brenda McDaniel, Chief Financial Officer
Melissa Muendel, Program Director, Operational Assistance

Established: 2003

Capital Under Management: $12.5M ($5.0M private capital / $7.5M SBA leverage)

Amount Invested: Not available

Geographic Focus: Kentucky, Tennessee, and the Appalachian counties of Georgia, Alabama, and Mississippi

Background
The Southern Appalachian Fund, with offices in Oak Ridge, Tennessee and London, Kentucky is a New Markets Venture Capital Company, providing equity capital and operational assistance for early-stage and growth companies in low income areas in Kentucky, Tennessee and the Appalachian counties of Mississippi, Alabama and Georgia.

Social Mission
The Fund's mission is to generate market-rate returns for its investors while promoting shared and sustainable economic development throughout its target region. SAF seeks to promote economic development and the creation of wealth and job opportunities in low-income geographic areas and among individuals living in such areas.

Investment Information
The Southern Appalachian Fund (SAF) invests in early and expansion-stage manufacturing, technology, and software companies, and seeks to invest between $200,000 and $600,000 in each of its portfolio companies. It expects to hold a typical investment for 4-7 years. The fund lists likely exit scenarios as an external sale/merger or an internal management buyout. Generally, SAF seeks to co-invest in rounds led by itself or other institutional investors.