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Venture capital in New Mexico

2 venture firms are based in New Mexico, from SEC filings and the fund index. Below them are New Mexico’s other sources of capital, the LPs based here that report holding venture funds, and its SEC-registered family offices.

On this page: 2 venture firms 16 other sources of capital 6 LPs.

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Venture firms based in New Mexico

2 advisers that report a venture fund on Form ADV, largest estimated venture assets first, from the Venture Adviser Directory. Each one’s page has its funds and, where an LP reports holding them, its LPs.

#AdviserLocationVenture fundsPrivate fund assetsRegistered
1Sun Mountain Capital Advisors, LLCSanta FeNM3$379M≈$126M venture2011
2TK Management, LLC EmergingSanta FeNM1$2.2M2026

Other sources of capital in New Mexico

9 community development lenders, 2 pension master trusts, 2 SBA lenders, 1 angel group, 1 sovereign wealth fund, and 1 corporate pension plan. From public registers and what each organization publishes; see Capital Sources for every state.

SourceLocationOn the record
New Mexico AngelsAngel groupAlbuquerqueNMOrganization of accredited angel investors that has funded New Mexico-based seed and early-stage companies with high growth potential since 1999.
New Mexico State Investment CouncilSovereign wealth fundSanta FeNM>$71B ($71B) in assetsNew Mexico's sovereign wealth fund, built on oil and gas revenue; holds private equity through more than 100 limited partnerships and commits to venture funds that source deals in New Mexico.
Presbyterian Healthcare Services Employees' Pension Plan IICorporate pension planAlbuquerqueNMIn partnerships and joint ventures: $44MSingle-employer defined-benefit pension plan of Presbyterian Healthcare Services, reporting $44.2M in partnership and joint venture interests at 2024-12-31.
Lawrence Livermore Nat'l Security, LLC and Triad Nat'l Security LLC Defined Benefit Pension Plan Group TrustPension master trustLos AlamosNMIn partnerships and joint ventures: $1.8B103-12 investment entity (a pooled vehicle holding plan assets) reporting $1.78B in partnership and joint venture interests at 2024-12-31.
PNM Resources, Inc. Master TrustPension master trustAlbuquerqueNMIn partnerships and joint ventures: $46MMaster trust investment account of TXNM Energy, Inc., reporting $45.8M in partnership and joint venture interests at 2024-12-31.
DreamSpringCommunity development lenderAlbuquerqueNMCommunity development loan fund in Albuquerque, NM, certified by the US Treasury’s CDFI Fund.
Homewise, Inc.Community development lenderSanta FeNMCommunity development loan fund in Santa Fe, NM, certified by the US Treasury’s CDFI Fund.
Native Community CapitalCommunity development lenderLagunaNMNative community development loan fund in Laguna, NM, certified by the US Treasury’s CDFI Fund.
Native Partnership for Housing, Inc.Community development lenderGallupNMNative community development loan fund in Gallup, NM, certified by the US Treasury’s CDFI Fund.
NEW MEXICO COMMUNITY DEVELOPMENT LOAN FUNDCommunity development lenderAlbuquerqueNMCommunity development loan fund in Albuquerque, NM, certified by the US Treasury’s CDFI Fund.
Santa Fe Community Housing TrustCommunity development lenderSanta FeNMCommunity development loan fund in Santa Fe, NM, certified by the US Treasury’s CDFI Fund.
Tiwa Lending ServicesCommunity development lenderIsletaNMNative community development loan fund in Isleta, NM, certified by the US Treasury’s CDFI Fund.
Ventana FundCommunity development lenderAlbuquerqueNMCommunity development loan fund in Albuquerque, NM, certified by the US Treasury’s CDFI Fund.
Women's Economic Self-Sufficiency TeamCommunity development lenderAlbuquerqueNMCommunity development loan fund in Albuquerque, NM, certified by the US Treasury’s CDFI Fund.
Century BankSBA lenderSanta FeNM7(a) loans approved, fiscal year 2026: $12MSBA 7(a) lender in Santa Fe, NM: 19 loans approved for $11.7 million in fiscal year 2026.
Western Commerce BankSBA lenderCarlsbadNM7(a) loans approved, fiscal year 2026: $14MSBA 7(a) lender in Carlsbad, NM: 23 loans approved for $13.9 million in fiscal year 2026.

LPs based in New Mexico

Foundations, pension plans, and other LPs here that report the venture funds they hold, by the number they hold. Local LPs often back local managers.

#LPLocationVenture fundsIn venture fundsTotal assets
1Thornburg FoundationPrivate foundation · as of December 31, 2024Santa FeNM72 new$6.1M$179M
2Brindle FoundationPrivate foundation · as of December 31, 2024Santa FeNM31 new$1.9M$41M
3PY FoundationPrivate foundation · as of September 30, 2025ArtesiaNM2$2.1M$61M
4Carroll Petrie FoundationPrivate foundation · as of December 31, 2024Santa FeNM11 new$8M$389M
5Con Alma Health Foundation IncPrivate foundation · as of December 31, 2024Santa FeNM1$1.5M$34M
6Corio FoundationPrivate foundation · as of June 30, 2025Los RanchosNM0$1.4M$97M

About the data

An adviser’s state is where its Form ADV says its main office is. A fund-index firm is placed by the headquarters city the index lists, or by its Form ADV when the city doesn’t tell. Capital sources, LPs, and family offices are placed by the address their own register gives. Angel investors who list themselves are at hottub.vc/investors. Organizations only: no individuals are listed here, and a listing is a public record, not a recommendation. See the methodology.