The State of Utah has selected Cincinnati-based Fort Washington Investment Advisors for its $100M Utah Fund of Funds. Utah has set aside $100M in contingent tax credits as a backstop for investments in the fund, and said that it will capitalize from $100 to $200M in the funds. The intent of the fund is to make investments in private venture capital funds, who are interested in making investments in Utah and who will establish a presence in the state. Fort Washington will reportedly open an office in Salt Lake City to serve the fund.
Top NewsFriday, January 27, 2006
Utah Governor Selects Advisor For Fund of Funds