ED  Arkansas Development Finance Authority


     Office Locations:

900 West Capitol, Suite 310
P.O. Box 8023
Little Rock, AR 72203-8023
Phone: 501-682-5900



  • Early



  • Information Technology



    Arkansas Development Finance Authority (ADFA) is Arkansas' largest source of low-cost financing for low-to-moderate income housing development, small industries, government, education, agricultural business enterprise & health care. ADFA administers funding in the form of tax exempt bonds and other debt instruments through its series of program activities. These activities are divided into three main categories: Economic Development, Homeownership, and Affordable Rental Housing. Each of these three categories resides over several specialized programs for funding disbursement. Among several initiatives, the Finance Authority administers the Arkansas Risk Capital Matching Fund (ARCMF), which works to strengthen and advance the financial infrastructure that supports and accelerates the growth of technology-based enterprises in Arkansas. ARCMF will target investments in technology-based enterprises that are in the early stages of development and not yet able to attract adequate private sources of traditional financing, venture or investor-backed capital for their growth and development. Additionally, the Authority administers the Arkansas Institutional Fund (AIF), which works to build the state economy by increasing access to venture capital for innovative Arkansas businesses (see profile).

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Brad Henry VP
    Cheryl Schluterman VP
    Gene Eagle President
    Layne Anderson VP
    Patrick Patton VP for Internal Audit


    Portfolio companies include:


    Recent News: