Charter School Growth Fund Brings on AIM to Manage Fundraising

Broomfield, CO, September 15, 2011 --(PR.com)-- Broomfield, Colorado-based Charter School Growth Fund ("CSGF") recently enlisted the help of Application Experts' AIM software solution to manage their prospective and current investors. CSGF relies on grants from a variety of investors, including foundations and high net worth individuals. They will be using AIM to track their fundraising pipeline and, once a grant is made, to track that investor's total contribution to CSGF Funds. AIM will also allow CSGF to create investor payment schedules which will help them track cash deposits from investors and better predict monies available for investment. And finally, CSGF will be using AIM to track relationships between CSGF employees, investors and prospective investors, leveraging these relationships to facilitate the fundraising process.

The Charter School Growth Fund is a non-profit venture capital fund working to transform K-12 education by investing in innovative charter school networks that offer outstanding educational options for underserved students. Founded in 2005, their mission is to invest philanthropic venture capital in the nation's highest performing charter school operators to dramatically expand their impact on low-income and minority students. In addition to financing, CSGF also provides business planning support, coaching and other resources that portfolio members require to build networks of high-performing schools.

To date, CSGF has invested approximately $90 million to support the creation of over 150,000 new seats for low-income and minority students around the country and currently CSGF portfolio members operate schools that serve over 78,000 students. Going forward, CSGF plans to continue investing in extraordinary charter school management organizations with an aim to transform American education and ensure demography is not destiny for America's students.

For more information on Charter School Growth Fund, visit their website at www.chartergrowthfund.org.

Application Experts, LLC (App-X) is the leading provider of flexible web-based solutions for Alternative Asset Fund Managers and Institutional Investors.

App-X was founded in 2006 by Kevin Kelly. At that time, Kevin was working as an outsourced CTO for what is now a $2 billion fund of funds in Chicago and he identified the need for a web-based, specifically-tailored solution for the front- to mid-office of Private Equity and Venture Capital fund managers and funds of funds. From this insight, AIM was born.

In 2008, App-X participated in TechStars, a startup incubator based in Boulder, Colorado. Led by the mentorship of the founders of such companies as Tumblr, whitepages.com, and foursquare, the TechStars program helped App-X solidify the initial build-out of the AIM product and refine a go-to-market strategy.

Over the last few years, App-X has worked with a wide variety of organizations across different subsectors of the Alternative Asset Management space including institutional investors like educational endowments and family offices, funds of funds, and fund managers in the buyout space, in the real estate space, and in the VC space. App-X clients are leaders in the Alternative Asset Community with over $30 billion in assets under management. Subsequently, App-X has developed a unique perspective on the Private Equity world from the viewpoint of both an LP and a GP. The result is a continually-evolving and feature-rich set of products that are flexible enough to handle several different investing scenarios.

In 2009, App-X won the bid to develop and take to market PULSE, a cloud-based social impact tracking system developed by Acumen Fund with help from Google, Rockefeller Foundation, PricewaterhouseCoopers, and Deloitte, among others. Today, App-X implements and supports PULSE for various members of the impact community including non-Profits, foundations, and corporate sustainability and responsibility managers.

In 2011, App-X was awarded certified B Corporation status, joining B Corp companies around the world in a commitment to solve social and environmental problems through the power of business. B Corps differ from traditional businesses in that they meet comprehensive and transparent social and environmental performance standards, meet higher legal accountability standards, and build business constituency for good business.

Today, App-X has over 60 clients and nearly 900 individual users using AIM and PULSE. App-X is headquartered outside of Denver with offices in Boston and Chicago.