Utah Fund of Funds
OVERVIEW U.C.A. 63M-1-1206 The Utah Fund of Funds (UFOF) is a public-private partnership created by the Utah Legislature to provide the state’s entrepreneurs with increased access to a broad array of venture and private equity funding sources. The fund invests in quality venture capital and private equity funds, which in turn explore investments in promising Utah growth companies. Currently, UFOF has partnered with 28 qualified venture capital and private equity firms, including eight funds with headquarters in Utah. Out of state portfolio funds commit to spend a predetermined number of days in Utah to review and consider investment in Utah companies, thereby helping to establish networks and build support for Utah funds, entrepreneurs, companies and business leaders focused on expanding Utah’s economy.
In addition to investing in venture capital and private equity funds, the UFOF seeks to play a proactive role in helping entrepreneurs seek funding for their promising businesses. The fund conducts one-on-one consulting sessions with Utah entrepreneurs focused on helping entrepreneurs navigate the uncertain
Governor’s Office of Economic Development • 2013 Annual Report • www.business.utah.gov
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