Charlotte Angel Fund’s strength lies in its members – a group of highly successful men and women residing or having interest in the greater Charlotte Region. The membership represents a variety of professional experiences and include those having direct experience in high growth industries and technologies.
Our first fund, CAF I, was closed to new members in October 2016. CAF II was opened in February 2017 and is continuing to receive new members.
Benefits of Membership
Among the benefits that members receive via participation in the fund are:
Opportunity for attractive return on investment
Access to deal flow
Opportunity to invest additional capital (beyond fund participation) in deals of particular interest to that member
Awareness and education on topics relevant to angel investors
Networking with like-minded individuals
Access to local venture events such as Charlotte Venture Challenge and demo days for local incubators (QC Fintech, CLT Joules, City Startup Labs, etc.)
Our funds are committed capital funds. This means that a member must invest a certain amount to buy into the fund. The financial commitment required for participation in CAF II is a minimum of $30,000, with a maximum participation in the fund of $100,000 for any one investor. The reason for having a maximum is to ensure that decision-making by the membership well distributed.
In addition, members have the option of making additional investments into companies which CAF invests. This add-on options allows members to increase their participation in companies of most interest to them.
Opportunities for Involvement
Being a member provides opportunities to participate throughout the investment process, including:
Monthly membership meetings with company presentations
Due diligence efforts
Individuals who may be interested in membership are encouraged to learn more by attending one or more of our monthly meetings as a guest. If you wish to take advantage of this opportunity please contact our Administrator, Greg Brown, at 980-307-0754 or gbrown@CLTAngelFund.com.
Criteria for Membership
Members must meet one of the following criteria within the definition of an accredited investor, as established by the Securities and Exchange Commission.
A natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; or a trust with assets in excess of $5 million, not formed to acquire the securities offered, whose purchases a sophisticated person makes.
A natural person who has individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase, excluding the value of the primary residence of such person.
A bank, insurance company, registered investment company, business development company, or small business investment company.
An employee benefit plan, within the meaning of the Employee Retirement Income Security Act, if a bank, insurance company, or registered investment adviser makes the investment decisions, or if the plan has total assets in excess of $5 million.
A charitable organization, corporation, or partnership with assets exceeding $5 million.
A director, executive officer, or general partner of the company selling the securities.
A business in which all the equity owners are accredited investors.