As part of my ongoing series on
big funds you've never heard of, I'd like to draw your
attention to another big fund that Im nearly positive
youve never heard of. Ready? This one is tough. Here we
- The primary Fund of the sponsor has over $2 billion in
assets under management, which doesnt include the
sponsors endowment fund, land, timber and mineral
interests. So the assets of the sponsor are quite large.
- The Fund has 550 employees and takes a rather aggressive
approach to institutional investment; seeding new asset
managers and building in-house capabilities.
Any ideas? No?
- The Fund actually has a merchant banking, venture capital
and direct investment arm.
- The Fund has regional offices in Houston, Tulsa, Denver,
Durango, and New York City, and has numerous operating offices
in other states.
- The Fund's headquarters are located in Southwestern
Colorado... on an Indian Reservation.
- The sponsor has an AAA credit rating from
S&P and Fitch.
The big fund youve never heard of is...
Ute Indian Tribe Growth Fund. Here are a few blurbs to
describe this rather interesting institutional investor:
The Southern Ute Indian Tribe is located on the
Southern Ute Indian Reservation in Southwest Colorado. The
reservation land area covers 1,058.785 square miles in three
counties (La Plata, Archuleta and Montezuma). Tribal Council
headquarters are located in Ignacio, Colorado.
The Tribe aggressively developed its extraordinary
natural resource base during the 1980s and 1990s. Tribal
Council adopted an official Financial Plan in 1999 that
separated its core government from its business enterprises and
related investment activities. The Financial Plan provides the
Tribe with an economic strategy that insures that a core
government and matching finances will exist in perpetuity. The
plan optimizes available investment resources to provide for
the long-term security of the Tribe and the Tribal
The Southern Ute Indian Tribe Growth Fund operates
and manages the Southern Ute Indian Tribes businesses and
business investments. In this role, the Growth Fund oversees a
significant portfolio of companies and investments in energy,
real estate, construction, and private equity.
Until next time...