Kentucky VC group to fold

Prosperitas Investment Partners, founded in 2000 to back Kentucky start-ups, failed to prosper and is being liquidated as part of a court settlement, according to The Courier-Journal. Most of the 55 investors are Louisville business people. The U.S. Small Business Administration is taking over management of the fund to try to recoup the $19.9 million in backing that it provided as part of its SBIC program. The firm invested about $1.5 million in each of about two dozen companies.