FARGO, N.D.--(BUSINESS WIRE)--50 South Capital Advisors, LLC, the general partner of the newly-formed North Dakota Growth Fund (NDGF or the Fund), recently launched its interactive website for the Fund. The Fund was created, with the support of the State Investment Board, to further advance innovation and private markets investments in the state by seeking investments that provide strong risk-adjusted returns and support the growing entrepreneurial ecosystem in the state.
50 South Capital is a leading alternatives investment firm and a wholly owned subsidiary of Northern Trust, a leading, global financial services firm.
The NDGF website can be found at www.NDGrowthFund.com. The dedicated site is designed as a tool for entrepreneurs, business owners and private fund managers to learn more about NDGF, including its investment strategy, eligibility requirements, investment policy statement and investment portfolio.
The site also enables private business owners, fund managers and entrepreneurs to confidentially submit their interest in connecting with 50 South Capital and NDGF’s fund managers and underlying portfolio companies.
“North Dakota has a tremendous number of funding resources for entrepreneurs across investment stages and industries,” said 50 South Capital Co-Founder & Managing Director Bob Morgan. “We look forward to the Growth Fund’s website serving as a helpful tool for the state’s world-class founders and business owners looking to identify and review such resources in one dedicated space.”
“With the support of the State Investment Board, we have moved expeditiously to form the Fund, launch the website and establish our North Dakota presence, as the equity capital needs for entrepreneurs in the state are significant and we see a tremendous opportunity ahead of us,” said 50 South Capital Managing Director Trey Hart. “We greatly appreciate the opportunity to work with state officials in meeting the equity capital needs of entrepreneurs, business owners and private fund managers.”
About 50 South Capital Advisors, LLC
50 South Capital Advisors, LLC is an alternatives asset management firm designed to meet the core strategic needs of investors seeking access to private equity, private credit and hedge funds. Its highly experienced team works closely with a wide range of investors to fulfill specific investment objectives and create lasting relationships. 50 South Capital’s investment philosophy focuses on providing access primarily to small-to-mid sized managers that offer unique and differentiated sources of return. 50 South Capital is a wholly owned subsidiary of Northern Trust Corporation. Visit www.50SouthCapital.com for more information.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2021, Northern Trust had assets under custody/administration of US$15.7 trillion, and assets under management of US$1.5 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Please visit their website or follow them on Twitter.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Please read their global and regulatory information.