Here is an article on the closure of a social venture fund in the Bay Area. It’s a shame it was not a more in depth autopsy:

SVP Bay Area was struggling after its fast and successful start in 2000. As executive director of SVP Seattle and founding president of Social Venture Partners International (of which SVP Bay Area was an affiliate), I was there to help the organization address its stagnating donor pool and ebbing morale. Over the next 18 months, the committed leaders of SVP Bay Area tried to revive the organization. They ultimately decided to let it close in early 2005. Recently I asked a few of the people who attended that breakfast why SVP Bay Area didn’t last for the long haul… Full story.