State Small Business Credit Initiative (SSBCI) Business Oregon Venture Direct Program

This procurement seeks a venture‑capital‑type co‑investor to create and manage a new investment vehicle that will deploy $5 million–$10 million of State Small Business Credit Initiative (SSBCI) capital in Oregon‑based start‑ups. Business Oregon will act as a limited partner, while the awarded fund (Oregon Venture Fund) will serve as the general partner, providing investment management, deal sourcing, compliance, reporting, and a minimum 1:1 private‑capital match. The contract is structured as a 10‑year agreement with the possibility of extensions or amendments without further competition. • Purpose: Deploy SSBCI capital through a direct venture‑fund program, emphasizing Oregon‑based small‑business investments. • Scope: Form the legal investment entity, manage investments (< $20 M per round), maintain required reporting, and ensure compliance with Treasury SSBCI guidelines. • Funding: Business Oregon provides $5‑$10 M of federal SSBCI funds; the proposer must match with private capital at least dollar‑for‑dollar.