Native American Capital (www.nativeamericancapital.com) is the first All Indian Country private equity and venture capital firm in the USA. The WA based firm plans to raise $10 million from wealthy tribes before approaching institutional investors for an additional $40 million. The plan is to invest from $1 to $3 million in Native American enterprises in established markets such as gaming, governmental contractors, federally funded housing, health care and natural resource extraction on Indian lands.
One of the major trends that I’ve observed in my travels of the past year is the dramatic increase in the number of Native American entrepreneurs. It is a largely untapped market that has tremendous long-term potential. NAC will be the first of many such venture funds in this area.
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