Fortune: NMSIC is investing $50M in a bet that scientists will build startups in Albuquerque
Studio
"The state’s sovereign wealth fund, the New Mexico State Investment Council, two weeks ago agreed to invest $50 million as an anchor check into Roadrunner’s first venture capital fund, approximately $20 million of which will go directly into Roadrunner itself. The sovereign wealth fund, which just started making venture capital investments a few years ago and has invested in deep tech-focused funds like Lux Capital, Playground Global, and Anzu Partners, has asked these funds in limited partner agreements to at least look at companies based in New Mexico. In the case of Roadrunner, it’s asking the studio to build companies in New Mexico."