Innovative Ventures Inc., (IVI) began operations in 1986, is 100% privately owned with offices in Grand Rapids, Michigan and Moscow, Russia.
IVI designs and builds venture capital (VC) funds that meet the profit and development objectives of their clients including institutional investors, multi-lateral development banks and government investors in private equity. IVI developed strategies for venture capital, cash flow ‘quasi-equity’ and ‘fund of funds’ with a total capitalization of US$285,000,000 to capture market inefficiencies in Africa, Europe, the Former Soviet Union and North America.
Once monies are committed to a strategy, their involvement continues in one of three ways:
IVI manages the fund, e.g., the Michigan Product Development Fund.
IVI selects a local fund manager, e.g., the IFC Succession Fund of South Africa and the World Bank East Africa Equity Facility.
IVI provides internal staff for fund management and develops client personnel to invest capital and manage investments to liquidity, e.g., the Lower Volga Regional Venture Fund of HP Russia LP, the Federal Business Development Bank of Canada and Financière Saint Dominique (Paris).