NVNG Investment Advisors has closed on a $50 million fund of funds, the firm announced recently.

Investors in the fund include Exact Sciences, Baird, Johnson Financial Group, West Bend Insurance and A.O. Smith, according to a release from the Madison-based firm. NVNG Co-Founder Grady Buchanan says its mission is to make the state’s entrepreneurial ecosystem globally competitive.

“This doesn’t happen without creating new ways of attracting capital and supporting an ecosystem here that is very much in transition and deserving of a venture capital network that we can provide,” he said.

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