WHAT IS FNCP
First Nations Capital Partners, LLC (FNCP) is the first inter-tribally controlled private equity firm in the United States. Further, it is the first and only fund of its kind to bring together two (or more) sovereign Indian nations and a prestigious financial institution. FNCP’s principal anchor investors include the Rincon Band of Lusieno Indians, Colusa Indian Community Council, and Wells Fargo Bank, each of who has committed $5 million to the fund, together with a select group of experienced private equity investors. FNCP’s mission expressed through its motto of “Visionary Capital at Work” is to provide strategic resources, including patient capital, for growing, profitable companies in traditional industries in the eleven Western States. FNCP seeks to partner with experienced operating management and co-investor funds to insure capital preservation first and thereafter achieve the highest possible returns with the least amount of risk.
FNCP plans to make 8 to 10 “platform” investments averaging $2.0 million to $3.0 million each in a variety of profitable companies in various industry sectors. Company sales will typically not exceed $30 million with a minimum EBITDA of $1 million and will be located in the eleven Western States. FNCP expects to partner with other experienced fund investors of like mind and will be a competitive acquirer (although not an auction-type bidder) based upon the experience of its management team in operating in this market and the alternative-investing environment.
FNCP’S OVERALL PHILOSOPHY
The management of FNCP is composed of seasoned investors, not traders or speculators. The capital of the investors will be used to acquire or invest in high quality and reasonably priced companies, the equity of which is being made available for good (and verifiable) reasons. Locating attractive deals requires ongoing diligence and constant nurturing of contacts. This is particularly the case because the target companies typically have not had outside investors or institutional capital. In these situations, professional capital can bring a new level of business operations and savvy to the target company. FNCP will do this through active management of its portfolio companies, thereby adding value, and the resulting growth and success. If successful, the portfolio companies are transformed from reasonably successful entrepreneurial based companies to professionally managed and operated companies with increased revenues and profits, which generally allows for higher multiples when an exit occurs.