Dartmouth College has raised $1.5m in the initial close of its inaugural Green D Fund, backed by a network for 40 alumni.
The fund will be used to back new ventures established by Dartmouth alumni, and will immediately start investing, with the fund looking to make 12 to 18 investments over the next 18 months. A second close is penned in for the end of January.
Michael Collins, lead manager of the Green D Fund, said: “Our investors span five generations and come from all around the country. Given the widespread engagement we’ve seen, there’s no doubt that the fund addresses a real interest of Dartmouth alums to invest in other Dartmouth alums. There are many reasons our supporters are attracted—to conveniently invest in an inconvenient asset class, to support Dartmouth’s entrepreneurial ecosystem, and most importantly, to pay it forward.”
