Sun Mountain Capital

Sun Mountain Capital is a distinguished private equity firm headquartered in Santa Fe, New Mexico, established by seasoned private equity professionals. The firm specializes in alternative investments, encompassing private equity, venture capital, and credit strategies. Operating through a diverse set of vehicles, including funds of funds, co-investment funds, and direct investment funds, Sun Mountain Capital aims to deploy capital across various stages and sectors. While their investment scope extends nationally, they maintain a significant strategic focus on fostering economic growth within New Mexico and the broader Southwest region, often partnering with state institutions and local governments.

The firm's commitment to its home state is exemplified by its successful New Mexico Private Equity Fund (NMPEF) series. This initiative is designed to invest in companies with a substantial presence or growth potential in New Mexico, either directly or by committing capital to other private equity funds that, in turn, invest in the region. The latest iteration, New Mexico Private Equity Fund III, successfully closed in 2019 with $100 million in commitments, building upon the success of its predecessors, NMPEF I ($50 million) and NMPEF II ($60 million). These funds underscore Sun Mountain Capital's dedication to developing local entrepreneurial ecosystems and generating returns through strategic regional investments.

Sun Mountain Capital's direct investment approach typically targets growth-stage companies requiring significant capital for expansion. While their primary model involves investing in other funds, they also make direct investments and co-investments alongside their partner funds. For instance, their New Mexico Private Equity Fund II notably invested $2.5 million into cybersecurity firm RiskSense, demonstrating their capacity for direct capital deployment into promising ventures. The firm's investment philosophy emphasizes long-term partnerships and value creation, leveraging their deep industry expertise and extensive network to support portfolio companies. This dual strategy of fund-of-funds and direct investments allows Sun Mountain Capital to maintain flexibility and target a wide range of investment opportunities within the alternative asset landscape.