OODA Loop - Venture Capital National Security Investment for American Competitiveness: New Mexico's $100M Pledge to AFF's Frontier Fund I

Venture Capital National Security Investment for American Competitiveness: New Mexico’s $100M Pledge to AFF’s Frontier Fund I

The New Mexico State Investment Council has committed $100 million to a new venture-capital fund focused on advanced technologies that support U.S. strategic and economic interests. On Tuesday, the council’s investment committee approved its commitment to America’s Frontier Fund‘s first vehicle, Frontier Fund I LP. The council directs investments from the state’s sovereign-wealth fund, which has roughly $34 billion in assets.

The state’s commitment anchors AFF’s first fund to back companies in industries strategically important to the U.S., among them, microelectronics, chip manufacturing, AI, and others.