The University of Michigan Social Venture Fund (SVF) is the first student-run social venture fund in the United States, established in 2009. SVF invests in and supports innovative companies that place social impact at the heart of their business model, fostering growth of enterprises addressing societal needs insufficiently served by traditional markets. SVF operates as a student-led fund of nearly 50 MBAs, BBAs, and JDs, many of whom are dual-degree students, conducting real investment activities including deal sourcing, evaluation, due diligence, and portfolio management.