Founded in 1998 in Ann Arbor, Michigan, The Amherst Fund focuses on providing capital to privately-held Midwestern companies across various sectors. It invests in both early stage and late stage ventures, with a portfolio that includes companies such as Fusion Coolant Systems, Filament, and Sierra Oncology. The fund has made six investments as of March 2020, with its most recent investment being $8M in Fusion Coolant Systems. The Amherst Fund has a community focus and also partners with private companies through equity and debt investments in industries such as assisted living, electronic component manufacturing, real estate, and software.