The Guernsey Investment Fund has contributed more than £4 million to local businesses and projects since being launched by the States in February.
The fund aims to deliver long-term capital growth for shareholders, including the States of Guernsey, who have committed to investing up to £25 million in the project.
Investments made this year start from £100,000 and include acquisition of equity and structured loans.
Nine more proposals are currently being considered.
Those in charge of managing the fund say it is proving popular with local businesses.