July 1, 2012

Cover Story

People’s Choice

Social media has revolutionized the way companies communicate and interact...Read More

Featured Articles

Around Utah

Players

Sections

Spotlight
Tori Baker: Leading Lady of Salt Lake’s Art House Theater

People
Mark Meadows: Enjoying the Journey

Legal Briefs
Business as Usual—For Now

Money Talk
Funding Your Dream

Economic Insight
Summer Reading

Lessons Learned
Emergency Back-Up

TechKnowledge
Get Found

EntrepreneurEdge
Know Your Options

Business Trends
Forging a Career

Living Well
The Need for Speed

Features
Utah’s Alcohol Problem

Features
Ernst & Young Entrepreneur Of The Year

Focus
Capital Gains

Editor's Note
Utah’s Tech Industry is Booming

Special Section
Meeting & Event Planning Guide

Industry Outlook
Technology Industry Outlook

Article

Capital Gains

The Utah Fund of Funds Preps for a New Round of Investment

Brad Plothow

July 1, 2012

“I believe we need to focus in areas of core strength, without ignoring other areas,” Bridgewater says. “We want to have a smattering of funds that are focused and complementary to Utah’s core strengths.”

In preparing for the next round of funding, Bridgewater’s team is paying special attention to investment opportunities with obvious benefits to industries identified by the state as having extraordinary potential, primarily the medical devices and diagnostics area and the information technology and software development fields. As a second tier, Bridgewater gives aerospace and energy development as examples of industries of interest.

Bridgewater is quick to note that there’s no premium given to funds that invest in these areas, but the goal is to align the Fund’s investments in a way that reinforces the state’s efforts in industry cluster acceleration and development. When Round 2 is complete, Bridgewater wants to be able to step back and see a portfolio that looks like what Utah is aspiring to be, in terms of economic mix.

“We want to make sure that, in the aggregate, the Fund reflects the industry strengths the state is working to build up and expand through a number of programs and activities,” Bridgewater says.

While he considers the first round a success, Bridgewater believes the next portfolio has even greater potential for a number of reasons. First, the Fund’s operations are being reigned in and focused thanks to the historically cheap cost of capital and a more focused picture of the state’s economic priorities. Second, whereas the first fund was committed when the economy was transitioning from boom to bust, the macroeconomic landscape seems to be shifting in the other direction this time.

While the cloud of economic difficulty still lingers, the Fund’s sophomore offering will likely benefit from Utah’s relatively healthy economic environment. The state’s robust entrepreneurial culture leads to the kind of industry diversification and private-public collaboration that bodes well for investors, and the state has willing supporters of the state emphasis on economic development in the public, private and educational sectors, Bridgewater says.

“The future is very bright, but capital markets have been down. We hope to be a catalyst,” he says.

Page 12
Utah Business Social
UB Events View All
Utah PR Spring ConferenceUtah Business Event
May 7, 2015
Join your colleagues from Utah Business along with PRSA & IABC for this important, 1-day event th...
30 Women to WatchUtah Business Event
May 21, 2015
Utah Business Magazine along with Snell & Wilmer are proud to announce the 16th annual 30 Women T...
CXO of the Year 2015Utah Business Event
Jun 25, 2015
Utah Business Magazine along with Stoel Rives - are proud to present the 2015 CXO of the Year Awa...
Community Events View All
Walk a Mile in Her Shoes
Apr 18, 2015
Come join us for the family friendly community march to end sexual assault and violence in our co...
Creating a Strategic Thinking Paradigm
Apr 20, 2015
In today's competitive economic environment, organizations need strategic thinkers. Strategic thi...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel