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Pension Funds and Small Firm Financing: Models of Successful Small BusinessInvestment Programs

机译:养老基金和小企业融资:成功的小企业投资计划的模式

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To make investments in small business. A secondary goal was to provide modelswith other states might adopt in trying to establish a public pension fund presence in small business investments. There are three types of successful small business investment approaches or 'models' that are observed in the public pension funds surveyed for this research effort. (1) The first model has a heavy in-state focus and is primarily direct loans; (2) The second approach relies primarily on outside expertise of venture capital funds to do the investment; (3) The third model is represented by funds that are more heavily invested in laterstage venture capital.

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