AlternativesJanuary 15, 2026

New Fund Will Invest in Louisiana Businesses

The Louisiana Impact Fund is aiming for $100 million in investments across lower-middle-market private equity.

Reported by Matt Toledo

A new private equity fund aims to invest in and grow businesses across the state of Louisiana: The Louisiana Impact Fund, launched on Tuesday, announced it will take majority positions in lower-middle-market companies.

Having closed on initial commitments but still targeting a $100 million initial raise by 2027, the fund announced its intent to develop and keep jobs and businesses in the state. The fund, on its website, notes that Louisiana lacks dedicated organized growth and buyout capital. Of the last three years’ mergers and acquisitions involving Louisiana businesses, 95% involved out-of-state buyers, according to the fund’s website.

“LIF seeks to generate attractive risk-adjusted returns while maintaining local ownership, preserving employment, and reinvesting capital into the Louisiana economy,” the fund stated in its announcement.

The fund has initially closed $24 million of it’s $100 million target, a fund spokesperson said. A second close is targeted for July 1, and a final close is anticipated in the first half of 2027.

“Too many great Louisiana companies get sold to out-of-state buyers—and with them go decisionmaking and, eventually, jobs,” said Joseph Seremet, a co-founder and managing partner, in the announcement. “We’re here to change that trajectory by giving founders a competitive, values-aligned option to stay rooted in Louisiana while accessing the capital and capabilities they need to scale.”

Primary sectors targeted by the fund will include industrial services; engineering and construction; distributed power solutions; infrastructure; energy technology; manufacturing; health care; logistics; and software, according to the announcement.

Seremet is joined as co-founder and managing partners by Joshua Cummings and Jared Quoyeser. Both Cummings and Seremet worked in investment banking at New Orleans-based Johnson Rice & Co. LLC, while Quoyeser is a tech executive based in Lafayette. Cummings and Seremet will leave Johnson & Rice to LIF as the fund spins up it’s operations, a fund spokesperson said.

The fund’s initial limited partners include family offices, insurers and businesses across the state. LIF will also partner with Louisiana Economic Development—an agency dedicated to growing jobs in the state—to support and identify potential investment opportunities.

“Our purpose is simple: help founders and owners scale or transition their companies without handing ownership and decisionmaking to out-of-state buyers,” said Quoyeser in the announcement. “We will measure success ﬁrst by returns, and second by how we grow and keep headquarters, wealth, jobs and next-generation leaders here at home.”