Deutsche Bank commits $100 million to Utah fund
The Utah Fund of Funds was created pursuant to the Utah Venture Capital Enhancement Act to enhance the venture capital culture and infrastructure and increase venture capital investment in the state. The legislation enables the fund to invest in private venture capital funds and not make direct investments in individual businesses, allowing investment professionals to make investment decisions.
The legislation provides $100 million in contingent tax credits to assist the fund in seeking new capital investment. The tax credits will be used as a backstop for investments in the fund to ensure a return on investment. The objective is to repay investors from the fund's long-term performance and not to use the contingent tax credits.
The board will establish investment products and the conditions upon which the contingent tax credit will accrue to investors, only if the rate of return does not meet the pre-set investment goals.
Comments
- People on the move 8:53 p.m.
- 'Smart Home' block party in Provo 8:37 p.m.
- Death near Rockville suspicious 7:46 p.m.
- Attempted murder case refiled 7:46 p.m.
- Family Fun Day kick off Days of '47 7:42 p.m.
- Blazers offer Millsap 4-year deal 7:25 p.m.
- 'Drop Dead Diva' is frothy fun 6:14 p.m.
- Look for face of God in others 6:14 p.m.
- Vail's mountain cross inspiring 6:14 p.m.
- Bishop on a mission 6:14 p.m.
- LDS seminary principal arrested
- Jazz talking Boozer trade?
- Reactions on Boozer speculation
- Stadium of Fire flag burning was fake
- Jazz in back of line for free agents
- A primer for the 6th Potter film
- Okur signs two-year extension
- Blazers offer Millsap 4-year deal
- Jazz won't meet Lopez on Europe trip
- Restaurant destroyed by fire
- Bronco collecting a galaxy of recruits
141 - Letters: Palin mistreated
141 - Teachers struggle with district cuts
138 - Jazz talking Boozer trade?
136 - LDS seminary principal arrested
131 - Blazers may offer Millsap a contract
123 - Stadium of Fire flag burning was fake
93 - Fairness of BCS debated
81 - Chaffetz eyes challenging Bennett
74 - Letters: Single-payer system best
71
By now you've probably read about the investigation that showed just how...
The photographs are mysterious, brooding, dark. They show dimples and...
Another wild idea - why not limit the costs involved in healthcare. Why does...
Brother Pratt was a great teacher when I had him. I slept through seminary...
We appreciate your efforts, Sen. Bennett! And, love your new YouTube...
If this person were a politician, almost everyone who is commenting here...
I attended Viewmont High School where Michael Pratt previously taught. Every...
The swine flu knows no political party. If you read the article you would...
lets say we dont sign millsap and trade boozer, do we make a run for odom, we...
he has not played well. scoring a few goals is great, but he isn't a team...
Your statement makes no sense.
Brandon Bass, who is comparable if not better than Millsap (longer, better...



You can be the first to comment on this story.