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sunmountaincapital.com

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Investments

58

Portfolio Exits

8

Funds

5

About Sun Mountain Capital

Sun Mountain Capital is a boutique investment firm with significant expertise establishing and managing customized private equity programs tailored to meet the unique needs of our clients. We have provided fund investment advisory services for public and private entities and as well as successfully managed direct private equity investment funds. Currently, we have over $500 million in assets under management and advisement.

Sun Mountain Capital Headquarter Location

301 Griffin Street

Santa Fe, New Mexico, 87501,

United States

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Latest Sun Mountain Capital News

BayoTech Receives More Equity Investment

Jan 7, 2021

BayoTech Inc., a developer of on-site hydrogen production systems, announced it received an equity investment of up to $157 million. The funds will come from growth equity investor Newlight Partners with participation from existing investors Cottonwood Technology Funds, Sun Mountain Capital and new investor Fortistar. Proceeds will be used to accelerate BayoTech’s strategic growth through product development, project development and infrastructure expansion, according to the Albuquerque, N.M.-based company whose markets include the fuel cell transportation, agriculture and industrial sectors. It's going to be an exciting year for @H2Bayo ! We are pleased to announce an equity investment of up to $157 million from Newlight Partners with participation from Cottonwood Technology Funds, Sun Mountain Capital & @FortistarRNG . #Hydrogen The company noted it can produce hydrogen — the most abundant element, or almost 90% of the visible universe — for less than $2 a kilogram. Most hydrogen is produced at large, centralized facilities before being delivered to end users, the company explained in a release. BayoTech, through its on-site hydrogen generators and gas-as-a-service offering, reduces or eliminates transportation and storage costs, which results in less energy wasted and a lower carbon footprint than traditional hydrogen production technology and electrolyzer-based systems. The company noted its modular, scalable and rapidly deployable hydrogen production systems require lower upfront capital commitments, streamlined siting and installation and, when paired with renewable natural gas, offer the most cost-effective green hydrogen available. — Transport Topics Want more news? Listen to today's daily briefing:

Sun Mountain Capital Investments

58 Investments

Sun Mountain Capital has made 58 investments. Their latest investment was in 3D Glass Solutions as part of their Series B - III on January 1, 2022.

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Sun Mountain Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/31/2022

Series B - III

3D Glass Solutions

$4M

No

6

10/8/2021

Series B

Armonica Technologies

$2.07M

No

7

1/5/2021

Series C

BayoTech

$157M

No

16

12/14/2020

Series B

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$99M

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10

12/9/2020

Series A

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$99M

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10

Date

1/31/2022

10/8/2021

1/5/2021

12/14/2020

12/9/2020

Round

Series B - III

Series B

Series C

Series B

Series A

Company

3D Glass Solutions

Armonica Technologies

BayoTech

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Amount

$4M

$2.07M

$157M

$99M

$99M

New?

No

No

No

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Co-Investors

Sources

6

7

16

10

10

Sun Mountain Capital Portfolio Exits

8 Portfolio Exits

Sun Mountain Capital has 8 portfolio exits. Their latest portfolio exit was RiskSense on August 02, 2021.

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

8/2/2021

Acquired

10

9/19/2019

IPO

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$99M

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10

12/18/2018

Acquired

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10

9/25/2018

Acquired

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10

1/19/2017

Acquired

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10

Date

8/2/2021

9/19/2019

12/18/2018

9/25/2018

1/19/2017

Exit

Acquired

IPO

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

Acquirer

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Sources

10

10

10

10

10

Sun Mountain Capital Fund History

5 Fund Histories

Sun Mountain Capital has 5 funds, including New Mexico Recovery Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/29/2020

New Mexico Recovery Fund

$100M

1

7/10/2017

New Mexico Catalyst Fund LP

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$99M

10

Sun Mountain Private Credit Fund I LP

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10

NMSIC Co-Investment Fund (Focused)

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10

NMSIC Co-Investment Fund (Classic)

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10

Closing Date

4/29/2020

7/10/2017

Fund

New Mexico Recovery Fund

New Mexico Catalyst Fund LP

Sun Mountain Private Credit Fund I LP

NMSIC Co-Investment Fund (Focused)

NMSIC Co-Investment Fund (Classic)

Fund Type

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Status

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Amount

$100M

$99M

Sources

1

10

10

10

10

Sun Mountain Capital Team

3 Team Members

Sun Mountain Capital has 3 team members, including current Chief Financial Officer, Edward Markman.

Name

Work History

Title

Status

Edward Markman

Chief Financial Officer

Current

Leslie R Shaw

Kline Hawkes & Co.

Chief Financial Officer

Current

Brian Birk

Managing Partner

Current

Name

Edward Markman

Leslie R Shaw

Brian Birk

Work History

Kline Hawkes & Co.

Title

Chief Financial Officer

Chief Financial Officer

Managing Partner

Status

Current

Current

Current

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