The Southern Ute Alternative Energy Fund
14929 Highway 172, Ignacio, CO, 81137, United States
Overview
Southern Ute Alternative Energy is a wholly owned subsidiary of the Southern Ute Indian Tribe Growth Fund - a diversified investment and business management organization owned by the Southern Ute Indian Tribe. The Tribe has achieved extraordinary financial and business success, having earned a triple-A rating from both Fitch and Standard & Poor’s rating agencies, while amassing a considerable and diverse asset base. Southern Ute Alternative Energy focuses on long-term investments in alternative and clean energy through private equity funds and operating assets. Since its inception in 2008, our investment portfolio has grown to include a variety of late-stage venture, buyout and infrastructure funds as well as operating alternative energy assets.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Clean Energy
- Energy
Investment portfolio
- Solix BioSystems
Participated · Series B · Mar 2011
Solix BioSystems (formerly Solix Biofuels) is a Ft. Collins, Colorado–based developer of algae production technology designed to produce algal biocrude and other algal products at industrial scale. Its core product is the AGS™, an industrial algae growth system that uses proprietary high-productivity photobioreactors. The company intends to commercialize the AGS to produce algae-derived products and to reduce CO2 emissions, working with partner organizations interested in those applications. Led by CEO Joel Butler, Solix operates a demonstration facility near Durango in Southern Colorado. As the first part of its Series B financing, Solix has raised over $16M from existing backers Bohemian Ventures, The Southern Ute Alternative Energy Fund and I2BF Global Ventures. The funds will be used to advance commercialization of its industrial algae growth system.
Team
No current team members are available.