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Twelve Clans is the economic development corporation of the Ho-Chunk Nation, established in 2014 and headquartered in Wisconsin. This sovereign wealth fund was capitalized in 2016 with a total commitment of $95 million from the Ho-Chunk Legislature, which included an initial $20 million followed by $15 million annually for five years. The organization aims to foster financial independence and support the economic future of tribal members through various investment strategies.
As of now, Twelve Clans has a team of six key members in leadership roles, including Joseph Brown Thunder, who serves as the Chairman and CEO. The organization has evolved from a focus on passive investments to a more active investment strategy, emphasizing federal contracting, land development, mergers and acquisitions, and private equity investments. Twelve Clans is committed to building a self-reliant future for the Ho-Chunk Nation by leveraging its unique position and resources.
Twelve Clans employs a multifaceted investment strategy centered on four main pillars: Government Contracting, Land Development & Gaming, Mergers & Acquisitions, and Private Equity Investments. This approach allows the organization to strengthen its federal contracting capabilities, particularly under the SBA 8(a) certification, which enhances its ability to secure government contracts.
In the realm of land development, Twelve Clans focuses on transforming land into sustainable economic engines through projects in hospitality, real estate, and destination experiences. The organization actively pursues strategic growth opportunities through mergers and acquisitions, aligning with its mission to foster financial independence for tribal members. Additionally, it invests in high-potential ventures that promise sustainable returns, ensuring a diversified portfolio that supports the economic future of the Ho-Chunk Nation.
Twelve Clans has made notable investments that reflect its strategic focus. An early investment in Slack Technologies in 2017 yielded strong returns before the company's IPO, showcasing the fund's ability to identify high-potential opportunities. Additionally, Twelve Clans holds an equity partnership in a $100 million apartment complex located in Golden Valley, MN, which consists of 303 multifamily units developed in collaboration with Monarch Holdings and Sentinel Management Company.
The organization is also exploring further real estate opportunities in Minnesota and Wisconsin, particularly in areas near the Ho-Chunk Nation's new casino. This focus on real estate development aligns with its mission to create sustainable economic engines and enhance the financial independence of tribal members.
Joseph Brown Thunder - Chairman & CEO. He leads the organization and has a background in economic development and investment strategies.
Susan Waukon, MPA - Vice Chair. She brings expertise in public administration and governance, contributing to the strategic direction of Twelve Clans.
Joe Nayquonabe, MBA - Director. He has experience in business management and investment, focusing on enhancing the fund's portfolio.
Tanya Gibbs, JD - Secretary & Treasurer. She provides legal oversight and financial management, ensuring compliance and fiscal responsibility.
Steve Baklund, CPA - Fractional CFO. He offers financial expertise and guidance, supporting the fund's financial strategies.
Ciara Johnson - Operations Manager. She oversees daily operations and ensures efficient functioning of the organization.
To pitch to Twelve Clans, founders should utilize the contact information provided on their website. It is recommended to include a comprehensive business plan and financial projections in the pitch deck. The organization prefers detailed proposals that clearly outline the venture's alignment with its investment strategy.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are beneficial, but not strictly necessary for submission.
In 2023, Twelve Clans revamped its board and investment strategy to become more active in pursuing strategic investments. This shift reflects a commitment to enhancing its federal contracting capabilities and exploring new opportunities in real estate development.
The organization continues to explore additional real estate projects in Minnesota and Wisconsin, particularly near the Ho-Chunk Nation's new casino, aiming to create sustainable economic engines for the community.
What are the investment criteria for Twelve Clans?
Twelve Clans invests in sectors such as fintech, healthcare, consumer, and energy, focusing on government contracting, land development, mergers and acquisitions, and private equity. The organization seeks high-potential ventures that align with its mission of fostering financial independence for the Ho-Chunk Nation.
How can founders apply or pitch to Twelve Clans?
Founders can pitch their ideas by visiting the Twelve Clans website at 12-clans.com or by emailing their proposals to support@12-clans.com. It is advisable to include a detailed business plan and financial projections in the pitch.
What makes Twelve Clans different from traditional venture capital firms?
Twelve Clans operates as a sovereign wealth fund and economic development corporation, focusing on strategic investments that promote economic growth for the Ho-Chunk Nation. Unlike traditional venture capital firms, it emphasizes federal contracting and real estate development alongside private equity investments.
What is the geographic scope of Twelve Clans' investments?
The organization primarily invests in North America, particularly in Wisconsin and Minnesota, where it seeks to create sustainable economic opportunities for tribal members.
What is the fund size and check size range for investments?
Twelve Clans has a total fund size of $95 million. While specific check sizes are not disclosed, the organization typically invests in high-potential ventures and real estate projects that align with its strategic focus.
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