Flexible Capital Fund

02/17/2026

We are excited to share that the Flexible Capital Fund is stepping into its next chapter with the addition of Casey Johnson as our new Fund Manager, joining President Janice St. Onge! Casey brings deep experience in impact finance and regenerative agriculture, and we are thrilled to welcome her to the team. Read the full announcement here:

The Flexible Capital Fund welcomes Casey Johnson as Fund Manager, strengthening its mission to invest in innovative, values‑aligned food, forest and clean tech businesses.

06/25/2025

As good a time as any to highlight the uphill battle impact funds face in raising capital today—caught between risk-averse investors, rigid funding models, and a system that undervalues patient, place-based capital.

And, it’s a call for bold investment in the future we need.

hashtag hashtag

By Janice St. Onge, President, Flexible Capital Fund June 24, 2025 As the Flexible Capital Fund, L3C (also known as the “Flex Fund”) pushes to reach the first close of its second fund, we find ourselves navigating one of the toughest capital-raising environments we’ve ever experienced.

05/18/2025

Come on out and see portfolio company at Pecha Kucha night at Pella Windows on 5/21! I’ll be there.

11/15/2024

Excited to be honored as part of a group of impact investment funds doing the work of investing to build a better world. And thank you to for highlighting all these important people and organizations!

11/07/2024

Light will find a way.

11/02/2024

and Casey Johnson, my partners in crime at premier in Vermont. We know that women investing jn women can change the world.

09/30/2024

Monopoly profits are bad for your diet. Let us count the ways! Join An Economy of Our Own at 7:30 EST today (September 30) for a Full-Bodied Food Economics Zoom of Our Own: https://www.aneconomyofourown.org/events/2024/full-bodied-food-economics.

Corporate and monopoly domination by a few HUGE conglomerates lobby for subsidies and tax breaks to add to their profits—all while squeezing farmers made into low-paid employees and customers facing rising prices.

09/23/2024

Read the latest Vermont Business Magazine profile on Flexible Capital Fund President Janice St. Onge! https://vermontbiz.com/news/2024/september/22/we-invest-people-janice-st-onge-and-flexible-capital-fund

07/26/2024

Great session with Michael Zebrowski of on his vision for a more sustainable future in affordable housing.
Listen to the Are We Here Yet podcast on Spotify, Apple Podcasts or smsgravesassociates.com.

06/06/2024

Excited to moderate a panel at the Vermont Forest Industry Summit today. Investing in the Future: Tanbark, a Case Study – In a world drowning in plastic, Maine start up Tanbark Molded Fiber Products offers a solution.

Tanbark CEO and co-founder Melissa LaCasse shared the story of this innovative new start-up that manufacturers non-plastic packaging solutions using wood fiber. The discussion with some of Tanbark’s public and private investors was truly inspiring. Tanbark is a Flex Fund portfolio company!

05/13/2024

Don't miss Janice St. Onge (she/her) in the Community Integrated Workshop 1 | Sustainable Economic and Social Infrastructure at the upcoming 2024 Rural Entrepreneurship Symposium at University of Vermont on June 19!

Hope to see you there!!

U.S. Association for Small Business and Entrepreneurship

The United States Association for Small Business and Entrepreneurship (USASBE) in conjunction with its Rural Entrepreneurship Special Interest Group is seeking submissions presenting novel contributions related to bold research, teaching and practice of issues and topics to impact entrepreneurship e...