What is the relationship between the CalCEF Angel Fund and CalCEF?
The Angel Fund and CalCEF are two separate and distinct organizations. CalCEF is a non-profit mutual benefit corporation and the Angel Fund is a for-profit limited partnership. CalCEF is the founding limited partner of the Angel Fund and will contribute investment capital and domain expertise to assist the Angel Fund in sourcing, evaluating, selecting and mentoring portfolio companies. CalCEF will also have one permanent seat on the Investment Committee and one additional seat for the first two years of the Fund’s investment cycle. CalCEF has also lent its brand name and equity to the Angel Fund.