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Investments

1

Portfolio Exits

1

About Borgen Investment Group

Borgen Investment Group is a Colorado-based venture capital firm.

Borgen Investment Group Headquarter Location

Denver, Colorado,

United States

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Latest Borgen Investment Group News

Full-floor condo overlooking Cheesman Park sells for $2.4M

Aug 14, 2019

Full-floor condo overlooking Cheesman Park sells for $2.4M The granddaughter of a cheese industry magnate put some cheddar into a Cheesman Park condo. Mary Leprino, whose uncle runs Denver-based Leprino Foods , purchased a full-floor condo unit overlooking the park at 1510 E. 10th Ave. last month for $2.35 million , records show. Tax documents show that Mary Leprino is vice president of The Mike Leprino Family Foundation, a philanthropic organization. The four-bed, four-bath condo was sold by Bjorn K. Borgen, who purchased it for $1.9 million in August 2006, according to public records. Borgen was president and majority owner of the investment firm Founders Asset Management Inc. for 23 years, until he sold it in 1998 for $275 million. He then formed the Borgen Investment Group. In 1999, Borgen — along with Broncos legend John Elway, team owner Pat Bowlen and ski resort tycoon George Gillett Jr. — almost acquired the Nuggets, Avalanche and the Pepsi Center. The group bid $438 million for the assets, but fell $23 million short of the winning bid. The following summer, Borgen made headlines again when he settled civil fraud charges filed by the SEC in response to allegations that he defrauded clients and lied to the commission during his time leading Founders Asset Management, The Denver Post reported at the time . Borgen agreed to pay $655,000 as part of the settlement. Address: 1510 East 10th Ave., Unit 13 Sale price: $2.35 million Stats: The four-bed, four-bath condo is 4,850 square feet, and takes up the entire 13th floor. It’s accessible by two keyed elevators. The finer things: Large windows allow for panoramic views of the Rocky Mountains and Denver’s skyline. The condo’s west wing is designed for “grand entertaining,” the listing said, while its east wing is more fitting for family gatherings. The unit features a large, south-facing balcony and a spacious home study, both of which overlook the city. The unit’s four bathrooms all include radiant floor heating. Three parking spaces came with the purchase of the home. The 1970s-era condo tower, dubbed Cheesman Gardens, sits along the western boundary of Cheesman Park and is just south of the Humboldt Street Historic District. The listing for the unit said that Cheesman Gardens was one of the city’s first high-rise buildings. Seller: Bjorn K. Borgen, who purchased the unit in 2006 for $1.9 million, records show. Buyer: Mary Leprino, per public records. Listing agent: Darrell G. Hamilton of Kentwood Real Estate Cherry Creek

Borgen Investment Group Investments

1 Investments

Borgen Investment Group has made 1 investments. Their latest investment was in Spex as part of their Seed VC on February 2, 2016.

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Borgen Investment Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/2/2016

Seed VC

Spex

$0.88M

Yes

Undisclosed Investors

1

Date

2/2/2016

Round

Seed VC

Company

Spex

Amount

$0.88M

New?

Yes

Co-Investors

Undisclosed Investors

Sources

1

Borgen Investment Group Portfolio Exits

1 Portfolio Exit

Borgen Investment Group has 1 portfolio exit. Their latest portfolio exit was Spex on May 08, 2017.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/8/2017

Corporate Majority

2

Date

5/8/2017

Exit

Corporate Majority

Companies

Valuation

Acquirer

Sources

2

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