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North Dakota Growth Fund Receives Additional $150 Million Commitment and Announces Two New Investments
Last northern trust corporation earnings: 4/21 07:29 am
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US:NASDAQ Investor Relations: northerntrust.com/about-us/investor-relations
FARGO, N. D.--(BUSINESS WIRE)--50 South Capital Advisors, LLC (“50 South Capital”), general partner of the North Dakota Growth Fund (NDGF) and global alternatives investment manager of Northern Trust Asset Management, received a commitment of $150 million from the North Dakota Legacy Fund. This commitment will further support the state’s entrepreneurial ecosystem through private equity and venture capital investments that have a strong risk-adjusted return potential and a nexus to the state of North Dakota. With the latest commitment to the NDGF, 50 South Capital is pleased to announce its newest investments in M25 and Broadwater Capital.M25 is an early-stage venture firm investing solely in tech startups headquartered in the Midwest. Since launching in 2015, M25 has invested in over 150 companies, including Bismarck-based Pavewise and Fargo-based Chipp. M25 has built a robust platform to support companies in the earliest stages of growth, including hosting the M25 Summit and Midw
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