Utah Fund of Funds

OVERVIEW

The Utah Fund of Funds (UFOF) is a public-private partnership developed by the Utah Legislature to provide the state’s entrepreneurs with access to a broad array of venture and private equity funding sources With a charter of $300 million approved by the Utah State Legislature, the fund invests in quality venture capital and private equity funds, which in turn explore investments in promising Utah growth companies This brief overview is for information purposes only The UFOF’s formal report, pursuant to 63M-1-1206, will be provided directly to the legislature according to statute

Since the partnerships inception more than 800 funds have applied to the program, from which 28 qualified venture capital or private equity firms have been selected for investment as UFOF portfolio funds, 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 conducts a number of economic development training and networking events throughout the year, including the annual UFOF Medical Device Symposium and the annual UFOF Middle Market Symposium The fund conducts one-on-one consulting sessions with Utah entrepreneurs focused on helping entrepreneurs navigate the uncertain fundraising waters, and when appropriate, access UFOF portfolio funds

Utah Fund of Funds annual Medical Device Symposium.

The UFOF receives oversight from the Utah Capital Investment Board (public) and is governed and operated by the Utah Capital Investment Corporation (private) More information on each board can be found at http://www utahfof com/team html

Successes

Since inception, UFOF portfolio funds have invested $304 million in 56 separate Utah companies Including syndicated dollars the total comes to over $1 5 billion These investments have translated into the creation of over 5,600 new Utah job years and $360 million in new Utah payroll In addition, UFOF has been instrumental in helping out-of-state venture capital firms review over 1,000 Utah based investments and spend over 1,300 days in Utah searching for deals

For additional information about the Utah Fund of Funds visit utahfof.com or contact Tim Bridgewater, Managing Director, at tim@utahfof.com or 801-521-3072