Florida First Partners (FFP) manages the Florida Opportunity Fund which includes a fund-of-funds program that invests in venture capital funds and a direct investment program, the Clean Energy Investment Program.The firm's fund-of-funds program seeks to produce significant long-term capital appreciation through investments in a diversified, high-quality portfolio of seed and early-stage venture capital funds that target investment opportunities in the state of Florida. In addition, the fund-of-fund program seeks to: (1) achieve a superior internal rate of return on private equity investments while contributing to Florida's economic developments (2) contribute to the creation, retention and growth of companies and jobs in Florida (3) enhance the development and growth of the venture capital and angel investment community in Florida (4) assist in facilitating the transfer of technologies from the Florida's universities and research institutions to the private sector and (5) attract investments from regional and national private equity funds. FFP tends to focus on investments in the following sectors: (1) aerospace and aviation (2) alternative energy and clean technology (3) emerging technologies (4) homeland security and defense (5) information technology (6) life sciences and (7) manufacturing.The Florida Opportunity Funds Clean Energy Investment Program makes direct investments in companies promote the increased use of energy efficient and renewable energy products and technologies in Florida. Funding may consist of debt and other investment instruments including project financing, asset-based lending, mezzanine financing and equity investments. The Clean Energy Investment Program focuses on: (1) facility and equipment improvements including the implementation, expansion and upgrade of energy efficient products, equipment and materials for use by companies in their existing facilities and buildings in Florida (2) renewable energy products including the acquisition and upgrade of small-scale renewable energy products, equipment and materials for use by companies in their operations in Florida and (3) process improvements in companies with the potential to produce energy efficiencies and to take actions that will reduce consumption or increase the efficient use of energy in existing production, manufacturing, assembly or distribution processes including the purchase of equipment and materials to make processes more energy efficient. Investments typically range from $500,000 to $5 million.