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Comptroller: Investment returns $6.7 million

5LINX, a telecommunications company in Rochester, has generated about a $6.7 million return, nearly four times the initial investment, and achieved an approximated 21 percent internal rate of return for the state Common Retirement Fund, according to Comptroller Thomas P. DiNapoli. The fund invested in 5LINX through its In-State Private Equity Program, which seeks profitable investments in New York state-based companies.

“The program has successfully helped more than 250 companies remain and expand in the state and has supported nearly 4,000 jobs,” DiNapoli said.

Trillium Group, a fund manager for the program, received a $25 million commitment for venture capital funding in 2004. Trillium has made 14 investments in New York state-based companies, including 10 companies in and around Rochester. 5LINX received $1 million in 2006, $600,000 in 2007 and $100,000 in 2009.

For more information on the program, visit: www.osc.state.ny.us/pension/instate.