History

South Metro Investors

Founded in 2007, South Metro Investors, LLC is located in Burnsville, Minnesota. It currently has nine members and a $500,000 capitalization. South Metro Investors focuses its attention on the area surrounding Burnsville, 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.