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.

The NMFA Board of Directors approved two awards for fund management mandates to qualified investment advisors at its meeting in January 2023. NMFA anticipates making its first investments in venture private equity funds beginning in the spring 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.