Utah Capital

OVERVIEW U.C.A 63N-6-301

Utah Capital is an investment fund created to help Utah entrepreneurs access diversified sources of capital . The fund is aligned with GOED’s targeted Utah growth industries of IT and software development, life sciences, energy and natural resources, financial services and aerospace . Utah Capital plays an active role in guiding Utahbased companies—from helping early-stage Utah companies craft strategy to assisting more established businesses in evaluating expansion plans and financing options .

In conjunction with GOED’s EDTIF, the legislature created Utah Capital (Utah Fund of Funds) to help companies secure investment they need to start, grow and contribute to the state’s economy . Utah Capital and EDTIF may have supplied post-performance incentives or other funds to some of the same companies, provided that each company made separate applications and met the separate criteria .

Prepared in accordance with the requirements of 63N-6 of the Utah Venture Capital Enhancement Act .

Portfolio Performance as of 12/31/14

• 2.4% net internal rate of return including financing and administrative costs since fund inception • 16.8% net internal rate of return including financing and administrative costs for the reporting period • $63.7 million investment distributions since fund inception • $113.1 million net asset value of Utah Capital portfolio funds • No new investment commitments will be made under the current financing structure

Utah Capital’s Bret Jepsen moderates a panel at the 2015 Utah Venture Capital conference.

Utah Economic Development

• 77 Utah companies received investment capital from Utah Capital portfolio funds since fund inception • 5,073 new Utah jobs added by Utah companies since fund inception • $879 million invested in Utah companies by Utah Capital portfolio funds since fund inception • $17 million invested directly by Utah Capital in Utah companies • 29 consulting sessions during reporting period • 74 events promoting Utah’s entrepreneurs and companies • 17 community events supported during reporting period

For additional information about Utah Capital visit www.utahcap.com or contact Bret Jepsen, Managing Director, at info@utahcap.com.