Venture Capital Program

About

The Venture Capital Program Fund was created by the New Mexico Legislature in 2022 to enhance economic development activities of the state and create new job opportunities by making investments in venture private equity funds or New Mexico businesses for start-up, expansion, product or market developments, recapitalization, or early-stage development.

The Venture Capital Program will create a $35 million fund within NMFA that allows the state to attract and retain early-stage businesses while meeting job creation and other economic development goals.

NMFA will operate the Venture Capital Program Fund with the assistance of a professional Investment Advisor. The Investment Advisor will be chosen through an RFP process, which will open September 22, 2022. Please see the “News & RFPs” at the top for more information.

NMFA anticipates opening the Venture Capital Program in the second quarter of 2023.

Please check back for more information about the Venture Capital Program. To receive information once it’s available, please add your business to the mailing list here.

Resources

House Bill 104