Utah Fund of Funds

NanoUtah ConferenceNovember 2007

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Primary Objectives of the Utah Fund of Funds

1. Increase the amount of venture capital and private equity capital committed to finding Utah investments

2. Increase the expertise and industry focuses working in Utah

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Utah Fund of Fund Organization Chart

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Utah FoF’s Activities so Far• Committed 90% of $100 million to 18 venture funds• Negotiated over 1,000 days time commitment by

non Utah funds to spend with local entrepreneurs• Balanced investments to matches Utah industry:

– Tech/IT fund Investments: 44%– Life Science fund investments: 39% – Specialty fund investments: 17%

• Balanced geographic diversity– Regional: 6 UT funds, 1 ID fund– National: 7 CA funds, 3 NY/Boston funds, 1 CO

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The FoF’s Portfolio of Commitments

Cross Creek Capital, L.P. Fund Size Fund StrategySV Life Sciences IV, L.P. $570 M Multi-stage investments in life sciences

Cross Creek Capital, L.P. $110 M late-stage, pre-IPO investments across multiple industries

Rosewood Capital V, L.P. $300 M Growth equity capital in the consumer and business services industries

RWI Ventures II, L.P. $65 M Multi-stage investments in technology and healthcare industries

5 AM Ventures II, L.P. $150 M Early-stage investment in life sciences

Apax US VII, L.P. $850 M Buyouts in retail, consumer, tech, telecom,financial and business services industries

Highway 12 Ventures II, L.P. $75 M Seed and early-stage investments in tech and business services

University Venture Fund $18 M Co-investments with established VC funds in tech and life sciences

vSpring II, L.P. $85 M Early-stage investments in technology and life science industries

Allegis Capital V, L.P. $100 M Seed and early-stage investments in technology

Hummer Winblad Venture Partners VI, L.P. $200 M Seed and early-stage investments in software

Utah Ventures IV, L.P.$175 M

(estimated)Seed and early-stage investments in technology and life science industries

Diamondhead Ventures II, L.P.$150 M

(estimated)Seed and early-stage investments in technology

Wasatch Ventures IV, L.P.$150 M

(estimated)Seed and early-stage investments in technology and life science industries

Upstart Ventures I, L.P.$20 M

(estimated)Seed investments in life science industries, particularly University technology

$3.0 Billion

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Current and Potential Economic Impact of the Utah FoF

# of Utah based

companies invested in by FoF's portfolio

# of UT jobs created within

those companies

Average Salary of jobs created

by FoF's portfolio UT investments

Utah Companies reviewed by portofolio

Total capital inflow to UT

companies by FoF's portfolio

and their syndicates

FoF's portfolio investment in UT companies

Utah Fund of Funds 25 1,211 $64,000 315 $340 M $138 M

Economic Contribution of the Utah FoF

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Utah Fund of Funds Activities(outside of investing)

• Match Making– Encourage entrepreneurs and business

community to network with FoF portfolio– Utah Fund of Funds consults with Utah

companies and if applicable makes introductions to potential investors.

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Utah Fund of Funds Activities(outside of investing)

• Workshops– Utah Fund of Funds hosts workshops

throughout the year on specific entrepreneurial and fund raising topics.

– Visit www.utahfof.com for video of past workshops and upcoming workshops.

– Next work shop – “Angel Investor Term Sheets” Nov 14th, Provo Utah.

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Utah Fund of Funds

Benjamin Forsyth

Analyst

(801) 521-3078

bforsyth@utahfof.com