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She said she expected to hit the annual fund target of $3 million by the end of the school year, which would be flat compared with last year.
The total fund target is not known.
But the Fed has signaled that it is loath to trim its fed fund target, which would increase inflationary pressures.
In December, the Federal Reserve raised its federal fund target rate by 25 points to a range of 2.25-2.5%, and predicted rates would increase twice in 2019.
The call comes as Wall Street clamors for the Federal Reserve to cut its federal fund target rate to minimize the fallout from mortgage defaults.
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It was replaced with a bursary fund targeted at the poorest students.
"It will fund targeted, profitable growth and strengthen our capital base," he said.
Kleiner Perkins, a legendary Silicon Valley venture fund, recently unveiled a $200m fund targeting research into pandemics.
Founded in 2015, the fund targets growth-stage and buyout investments in the financial technology sector.
Able is not the only recently formed investment fund targeting women.
Mr. Cavallo hopes to shave $3 billion from a widening budget deficit to meet International Monetary Fund targets set late last year.
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CEO of Professional Science Editing for Scientists @ prosciediting.com