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April 20, 2022 | Tom Ballard

Ohio Innovation Fund already returns more than one-half of investments

Columbus Inno reports (subscription required) that the Ohio Innovation Fund (OIC) has already returned more than half what state-owned institutions and other investors put in.

Ohio State University committed $20 million and Ohio University $15 million to create the fund in 2012, but it didn’t get started investing until 2016. Kent State University and the State Teachers Retirement System later joined as limited partners.

According to the Columbus Inno article, the fund has averaged an annual 30 percent annual return the past five years, and OIC’s website further notes its investments helped fund five unicorns and more than 15 exits.

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