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Causes: Community & Neighborhood Development, Economic Development
Mission: To provide economic stimulus for utah businesses by organizing and acting as the managing member of the utah fund of funds, llc (ein: 11-3775457). The fund is a state of utah economic development program aimed at providing access to alternative or non-traditional capital to utah enterpreneurs.
Programs: Utah capital investment corp was established for the management of the utah fund of funds, llc (ein: 11-3775457). Ufof is a limited liability company organized under the laws of the state of utah. Ufof commenced operations on march 16, 2006. Ufof is a state of utah economic development program aimed at providing access to alternative or non-traditional capital by utah entrepreneurs. It does not invest money into any company or individual but rather invests in venture capital and private equity funds that commit to establishing a working relationship with the fund and with utah's start-up and business community, and making investments in qualified companies. Ufof invests in venture capital and private equity funds located both in utah and outside of utah. As of december 31, 2015 ufof's portfolio of funds had 42 investments. Utah fund of funds ii is a financing vehicle used by utah fund of funds, llc to make additional funds available for investing.