The O.H.I.O. Fund Accelerates into 2026

Latest Investment Attracts California-based Hyperframe to Ohio

COLUMBUS, Ohio--(BUSINESS WIRE)--The O.H.I.O. Fund, a private fund investment adviser focused on generating strong returns and leveraging Ohio's momentum to accelerate economic prosperity and growth across the state, announced today the close of its funds’ 30^th investment, the activities and performance of the two funds it manages, and the addition of three new team members.

Hyperframe is the 30th investment for the funds managed by The O.H.I.O. Fund. The company streamlines construction by turning digital building plans into pre‑organized framing kits that guide crews with on‑site technology, so walls go up faster, with fewer errors and without traditional measuring or cutting. Hyperframe has relocated its operations from California to Columbus, establishing a manufacturing facility to serve the Midwest and East Coast markets. The funds’ investment was made alongside a JobsOhio Ventures investment, underscoring Ohio’s strength as a destination for high-growth manufacturing and technology companies.

"We're thrilled to bring Hyperframe's next chapter to Columbus," said Hyperframe Founder and CEO Ken Sobel. "Ohio's momentum in advanced manufacturing and technology - fueled by partners like The O.H.I.O. Fund and JobsOhio - creates the perfect environment for us to scale.”

“Hyperframe’s decision to relocate here not only accelerates innovation in construction, but it also strengthens a growing ecosystem of companies redefining how America builds. We’re thrilled to welcome the team to Ohio,” said The O.H.I.O. Fund CEO and Chief Investment Officer Mark Kvamme.

Reporting on The Fund's Early Progress

Since the launch of The O.H.I.O. Fund in June 2024, the firm has made significant progress toward executing its strategy of deploying capital at scale, generating meaningful investor returns, and advancing economic growth across the state.

• The O.H.I.O. Fund team has raised $356 million in committed capital into the funds it manages, including $106 million into The Ohio Institutional Impact Fund, L.P. (“Institutional Fund”; closed to investors in June 2025) and $250 million combined into The Ohio High Growth Investment Opportunities Fund LP (“Opportunities Fund”) and special purpose vehicle co-investments (“SPVs”).

• The two funds the team manages – the Institutional Fund and the Opportunities Fund, along with the SPVs, have invested $196 million in 30 Ohio companies and real estate projects, providing diversified exposure across industry sectors and 12 Ohio counties.

• The investments have generated more than $75 million in total returns through January 2026.

"The balanced nature of the investment portfolio is by design and central to our strategy," said The O.H.I.O. Fund Co-Founder and President Ray Leach. "We allocate roughly one‑third of the committed capital to real estate, one‑third to growth equity, and one‑third to later‑stage venture opportunities, enabling high‑potential – primarily, but not exclusively, tech‑driven – companies to scale effectively."

Leach continued, “Our private funds’ investment portfolio spans a range of investment horizons, including investments that have generated near-term cash distributions, strategies focused on ongoing return potential, and longer-term positions that may take several years to achieve liquidity. We are also pursuing deals that allow us to fund operating companies while simultaneously supporting their real estate requirements. This balanced approach – combined with the breadth and expertise of The O.H.I.O. Fund Network, comprised of our limited partners, co-investors, advisors, and partners across the state – is already beginning to create a powerful flywheel effect."

Team Growth and Leadership Expansion

The O.H.I.O. Fund was co-founded by Mark Kvamme and Ray Leach, with two other founding partners, Jill Meyer and Mike Venerable. They made their first full-time hire in July 2024, immediately following the initial close of the two funds they manage. Since then, the team has expanded to 11.

The three newest team members include Steve Briggs, who joined as a Principal. Briggs is an Ohio‑based investment professional with experience spanning valuation, M&A advisory, private equity, and real estate. He applies deep deal expertise to support high‑growth companies and strategic projects across the state. Briggs began his role in late 2025.

Kristi Tanner joined the fund as Chief Marketing and Engagement Officer in early January 2026. Tanner is a seasoned marketing and economic development executive who was a founding member of JobsOhio and has led major statewide growth initiatives, business attraction efforts, and strategic partnerships that strengthen Ohio's competitiveness.

Also joining the fund in January as a Principal is Peeyush Shrivastava, a healthcare technology entrepreneur and founder of Genetesis, recognized for pioneering non‑invasive cardiac imaging innovations and leading high‑performance technical teams to bring breakthrough medical technologies to market.

Looking Ahead

The O.H.I.O. Fund enters 2026 with a continued commitment to sourcing and investing in standout Ohio-based companies, real estate opportunities, and critical infrastructure projects. The firm remains focused on creating a permanent pool of private capital that's laser-focused on generating returns by leveraging Ohio's economic strengths and potential.

"Looking ahead, our 2026 investment pipeline is strong, and we are exploring the launch of additional private funds to continue deploying capital at scale in support of Ohio's long-term economic growth," said Kvamme.

About The O.H.I.O. Fund

TOF Manager, LLC dba The O.H.I.O. Fund is a private fund investment adviser committed to investing in and partnering with innovative entrepreneurs, business leaders, and co-investors who, like them, call Ohio home. With a unique investment thesis focused on leveraging Ohio's momentum, The O.H.I.O. Fund supports growth in advanced manufacturing, biotech, real estate, infrastructure, and other sectors where Ohio leads. The team brings deep experience and a robust statewide network to connect leaders and unlock the state's most promising opportunities. Learn more at www.theohiofund.com.

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