Private Equity

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The 22 Fund

The 22 Fund invests in clean-tech manufacturing companies to increase their international sales, creating clean, quality jobs of the future in the U.S.

The 22 Fund logo

The 22 Fund

The 22 Fund invests in clean-tech manufacturing companies to increase their international sales, creating clean, quality jobs of the future in the U.S. It intentionally includes women and BIPOC led firms to deliver both high ROI and social/economic impact. It addresses the equity gap for manufacturing and exporting companies and for women and BIPOC owned/managed businesses through equity, convertible notes, and revenue share financing.

General information

Firm type

Private Equity

Location

Region

North America

Country

United States

City

Los Angeles

Corporate office

Los Angeles, CA, United States

Principals

Tracy Gray

Founder & Managing Partner

Monica Dodi

Partner

Rajan Kasetty

Partner

Emilie Cortes

Chief Financial Officer

Vanessa Gray

Director, Marketing & Communications

Sara Vaillancourt

Executive Assistant

Frequently asked questions

What investment stages does The 22 Fund target?

The 22 Fund targets expansion and late-stage venture rounds. It invests in companies that have established commercial traction and require growth capital to scale manufacturing, distribution, and market presence. This sits between early-stage venture and buyout private equity.

Which sectors does The 22 Fund focus on?

The firm concentrates on industrial technology, advanced manufacturing, and clean-economy-adjacent sectors. It specifically targets tech-enabled manufacturing businesses rather than pure software plays or consumer brands.

How does The 22 Fund source and structure its deals?

The 22 Fund sources direct equity and structured growth-capital opportunities primarily in North America. It pursues board-level involvement and works alongside company management to drive operational scaling. Its capital base includes institutional allocators, family offices, and high-net-worth individuals.

Is The 22 Fund structured as a venture firm or a private equity fund?

The 22 Fund operates at the intersection of venture and private equity, deploying growth capital into later-stage companies. Its mandate is closer to growth equity than to seed or early-stage venture, with an emphasis on industrial and manufacturing businesses.

Where does The 22 Fund deploy capital geographically?

The firm's investment activity is concentrated in the United States, with a particular focus on California, the Midwest, and the Southeast. It targets regional manufacturing and industrial ecosystems rather than pursuing a global or fully distributed portfolio.

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