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McKinley Management, LLC is an investment and research firm headquartered in Alaska, established to provide capital and resources aimed at fostering growth in businesses, economies, and communities. The firm operates under the umbrella of McKinley Capital Management, which was founded in 1990. McKinley Management formalized its private investment arm, McKinley Alaska Private Investment, in 2021, although the initiative began in 2019. This strategic focus on Alaska allows the firm to leverage its local expertise and connectivity to identify promising investment opportunities.
Currently, McKinley Management manages two primary subsidiaries: McKinley Alaska Private Investment, which focuses on private equity and venture capital investments relevant to Alaska, and McKinley Research Group, a consulting firm with over 50 years of experience in the region. The firm has established a strong presence in the local investment landscape, supported by institutional backing from the Alaska Permanent Fund Corporation, which allocated $100 million to their Na'-Nuk Investment Fund.
McKinley Management's commitment to the Alaskan economy is evident in its investment strategy, which emphasizes responsible investment practices and community engagement. The firm is well-positioned to capitalize on opportunities across various sectors, including fintech, healthcare, and more, while also contributing to the local community through initiatives like the McKinley Cares program.
McKinley Management invests across multiple stages, including Seed, Series A, Series B, and Growth Equity, primarily targeting companies in North America, specifically within the United States. The firm has a diverse sector focus that includes fintech, healthcare, consumer products, biotech, artificial intelligence, edtech, proptech, food-agtech, and government technology. This broad investment scope allows McKinley Management to tap into various industries that are vital to the Alaskan economy.
The firm’s investment strategy is centered on leveraging its local experience to identify and support promising ventures that align with its mission of fostering growth in Alaska. Individual investments typically range from $2 million to $20 million, targeting small to medium-sized businesses and emerging private equity and venture capital managers. McKinley Management emphasizes responsible investment practices and seeks to create a positive impact on the communities it serves.
McKinley Management's approach includes a strong emphasis on collaboration and connectivity within the Alaskan business ecosystem. The firm actively seeks to partner with local entrepreneurs and businesses that demonstrate potential for growth and innovation, ensuring that its investments contribute to the overall economic development of the region.
McKinley Management's portfolio includes a variety of investments across key sectors in Alaska. Notable highlights include:
While specific portfolio companies are not publicly listed, McKinley Management's investments span critical industries such as Arctic and Situationally Relevant Technology, Transportation & Logistics, Oil & Gas, Mining & Exploration, Seafood, and Tourism. This diverse portfolio reflects the firm's commitment to supporting the economic growth of Alaska through targeted investments in sectors that are essential to the state's economy.
Bob Gillam - Founder of McKinley Capital Management, LLC, established in 1990. He is a second-generation Alaskan and serves as the Chief Executive Officer and President of McKinley Management.
Stacia Gillam - President and Chief Compliance Officer, contributing to the firm's compliance and operational strategies.
Jared Carney - Vice Chair of the Board of Directors, providing governance and strategic oversight.
Katie Berry - Economist and President of McKinley Research Group, bringing expertise in economic analysis and research relevant to investment decisions.
Vitalii Atorin - Staff Accountant, responsible for financial reporting and accounting functions.
Yuliya Jordan - Controller, overseeing financial management and compliance.
Alex Murray - Help Desk Technician, providing technical support and assistance within the firm.
To pitch McKinley Management, founders should send an email to info@mckinleymgmt.com. It is essential to include a comprehensive pitch deck that outlines the business model, market opportunity, and financial projections. The firm appreciates clarity and detail in presentations.
Response times may vary, but founders can generally expect to hear back within a few weeks. Warm introductions are preferred, as they can facilitate a more favorable review of the pitch.
In spring 2023, McKinley Management announced the launch of the Na'-Nuk Investment Fund 2, LP, targeting $250 million for investments in venture capital, growth, and private equity.
In a significant move, McKinley Management acquired Alaska Growth Capital BIDCO, Inc., an Anchorage-based lending company, further solidifying its presence in the Alaskan investment landscape.
The firm continues to be featured on the Alaska Permanent Fund Corporation's in-state investments page, highlighting its commitment to supporting local businesses and economies.
What are McKinley Management's investment criteria?
McKinley Management focuses on investing in private equity, venture capital, and direct investment opportunities that are relevant to Alaska. They seek companies that demonstrate growth potential across various sectors, including fintech, healthcare, and more.
How can I pitch my startup to McKinley Management?
Founders can reach out to McKinley Management via email at info@mckinleymgmt.com. It is advisable to include a detailed pitch deck outlining the business model, market opportunity, and financial projections.
What makes McKinley Management different from other investors?
McKinley Management is uniquely focused on the Alaskan economy, leveraging local expertise and connectivity to identify investment opportunities. Their commitment to responsible investment practices and community engagement sets them apart from other firms.
What is the typical check size for investments?
McKinley Management typically invests between $2 million and $20 million in small to medium-sized businesses and emerging private equity and venture capital managers.
What stages of investment does McKinley Management focus on?
The firm invests across multiple stages, including Seed, Series A, Series B, and Growth Equity, allowing them to support companies at various points in their development.
What is the geographic focus of McKinley Management?
McKinley Management primarily focuses on investments within North America, specifically targeting opportunities in the United States and, more specifically, Alaska.
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