Office of the Indiana Governor: The Next Level Indiana Fund was a pillar of Governor Eric J. Holcomb's 2017 Next Level legislative agenda and aims to build a strong ecosystem in order to support entrepreneurship and innovation in the state of Indiana.

Next Level Indiana Fund Program Administrator: 50 South Capital Advisors, LLC is an alternatives asset management firm designed to meet the core strategic needs of investors seeking access to venture capital, private equity and hedge funds. It is a wholly-owned subsidiary of Northern Trust Corporation. 

Next Level Indiana Fund Investment Board: The Investment Board exercises authority and control over the management of NLF, by setting policy and procedures which the Program Administrator executes either internally or through the use of contractors. 

Investment Board members include:

• David Rosenberg, Indiana Secretary of Commerce

• Justin McAdam, General Counsel & Policy Director of Office of Management & Budget

• Dan Elliott, Indiana State Treasurer

• Jeff Cohen, Partner, Sapient Capital

• David Becker, Chairman and CEO of First Internet Bancorp

• Chris LaMothe, Ascendanci Ventures and Governor’s Workforce Cabinet

• Steve Sorrel, Managing Partner at MMS Capital

• Dr. Tim Brown, State Representative (Advisory Member)

• Luke Kenley, State Senator (Retired) (Advisory Member)