History

St. Cloud RAIN Fund

Founded in 2005, St. Cloud RAIN Fund is located in St. Cloud, Minnesota. It currently has 18 members and a $1.15 million capitalization. St. Cloud RAIN Fund focuses its attention on the area surrounding St. Cloud, as well as the remainder of Minnesota.

RAIN Source Capital

Rain Source Capital got its start in July 1998 as the Minnesota Investment Network Corporation, with initial capitalization from a quasi-state agency in Minnesota. The organization increasingly gained the interest and support of institutional investors and foundations, and led to expanding opportunities beyond its initial geographic focus of Minnesota. In early 2006, we became RAIN Source Capital, with a focus on developing RAIN funds in Minnesota, Iowa, North Dakota, South Dakota, Montana, Oregon, Idaho, and Washington, with ongoing interest coming from other states.

— Steve Mercil, President and CEO of RAIN Source Capital

As of 2008, the RAIN fund network has invested more than $25 million in 48 companies. To learn more about RAIN Source Capital, visit www.RAINsourcecapital.com.