Utah Fund of Funds
The Utah Fund of Funds drives economic development and gain Utah entrepreneurs access to alternative sources of capital. The Utah Fund of Funds has invested in various venture capital and private equity funds that invest in IT, medical, and biotech companies—Utah's strengths. These private equity and venture capital funds offer various types of financing including:
- Seed capital
- Venture capital
- Growth capital
- Buyouts
- Recapitalizations
- General transfers across diversified industry segments
Measurements of Success:
Since its founding in 2006 the Utah Fund of Funds has accomplished the following milestones:
1,350 introductions of entrepreneurs to sources of capital
32 Utah Companies invested in by UFOF portfolio funds
690 Utah deals logged in by the UFOF portfolio funds
895 days spent in Utah by out of state UFOF funds
$93 million committed by UFOF to portfolio funds
$143 million invested in Utah companies by UFOF portfolio funds
(updated on 03/05/09)
Entrepreneurs:
The Utah Fund of Funds maintains close relationships with hundreds of potential investors interested in investing in Utah. Professionals from the Utah Fund of Funds can connect your company with a fund or make an introduction—free of charge.
Investors:
The Utah Fund of Funds is a $300 million State of Utah economic development program aimed at providing access of alternative or non-traditional capital to Utah entrepreneurs. Interested venture capital and private equity firms should contact the UFOF to learn more.
