Latest news with #NDGF
Business Wire
30-07-2025
- Business
- Business Wire
North Dakota Growth Fund Receives Additional $150 Million Commitment and Announces Two New Investments
FARGO, N. D.--(BUSINESS WIRE)--50 South Capital Advisors, LLC ('50 South Capital'), general partner of the North Dakota Growth Fund (NDGF) and global alternatives investment manager of Northern Trust Asset Management, received a commitment of $150 million from the North Dakota Legacy Fund. This commitment will further support the state's entrepreneurial ecosystem through private equity and venture capital investments that have a strong risk-adjusted return potential and a nexus to the state of North Dakota. With the latest commitment to the NDGF, 50 South Capital is pleased to announce its newest investments in M25 and Broadwater Capital. M25 is an early-stage venture firm investing solely in tech startups headquartered in the Midwest. Since launching in 2015, M25 has invested in over 150 companies, including Bismarck-based Pavewise and Fargo-based Chipp. M25 has built a robust platform to support companies in the earliest stages of growth, including hosting the M25 Summit and Midwest Startups for companies to engage with additional investors and talent. Broadwater Capital is an alternative investment firm, established in Fargo, that invests in the lower middle market. The firm focuses on mature companies headquartered in the greater Midwest and invests across sectors including agribusiness, business services, consumer, distribution, light industrials, manufacturing and technology. To date, the NDGF has invested $111.5 million in funds and co-investments. Fund investments represent diversification across vintages, strategies and stages of investments, including early stage venture capital, growth equity and private equity. As of December 31, 2024, over 35 companies across North Dakota have been impacted by the NDGF. The underlying portfolio represents investments in companies in Grand Forks, Minot, Bismarck, Williston and Fargo across manufacturing, energy, healthcare and technology sectors. 'The commitments to M25 and Broadwater Capital represent the diversification of the NDGF to further support the state's growing entrepreneurial ecosystem. Both firms share our conviction in the opportunity set in North Dakota, and bring additional expertise and resources to the state. We look forward to supporting more founders as they build and scale companies here in North Dakota,' 50 South Capital Director Kodee Furst said. More information on the Fund can be found at About 50 South Capital Advisors, LLC 50 South Capital Advisors, LLC is an alternatives asset management firm designed to meet the core strategic needs of investors seeking access to private equity, private credit and hedge funds. Its highly experienced team works closely with a wide range of investors to fulfill specific investment objectives and create lasting relationships. 50 South Capital's investment philosophy focuses on providing access primarily to small-to-mid sized managers that offer unique and differentiated sources of return. 50 South Capital is a wholly owned subsidiary of Northern Trust Corporation. Visit for more information. About Northern Trust Asset Management Northern Trust Asset Management is a global investment manager that helps investors navigate changing market environments in efforts to realize their long-term objectives. Entrusted with $1.3 trillion in assets under management as of June 30, 2025, we understand that investing ultimately serves a greater purpose and believe investors should be compensated for the risks they take — in all market environments and any investment strategy. That's why we combine robust capital markets research, expert portfolio construction and comprehensive risk management in an effort to craft innovative and efficient solutions that seek to deliver targeted investment outcomes. As engaged contributors to our communities, we consider it a great privilege to serve our investors and our communities with integrity, respect and transparency. Northern Trust Asset Management is composed of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Fund Managers (Ireland) Limited, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc., 50 South Capital Advisors, LLC, Northern Trust Asset Management Australia Pty Ltd, and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company. About Northern Trust Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2025, Northern Trust had assets under custody/administration of US$18.1 trillion, and assets under management of US$1.7 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn. Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at The publisher's sale of this reprint does not constitute or imply any endorsement or sponsorship of any product, service or organization.
Yahoo
31-05-2025
- Business
- Yahoo
Outdoors Notebook: U.S. visitor bookings to Ontario decline, industry survey shows
May 31—TORONTO — Ontario's tourism sector is preparing for a unique summer season shaped by Canadian patriotism, cross-border uncertainty and rising costs, based on results from a new survey conducted by the Tourism Industry Association of Ontario (TIAO). In a news release, the TIAO said the survey reveals stable domestic bookings, declining U.S. bookings, shifting consumer habits and increasing costs related to trade and tariffs. The survey, conducted in May, provides a snapshot of industry sentiment as the province heads into peak travel season — and offers early indicators of where the sector is headed — according to the TIAO news release. Among the highlights: * Domestic demand leads: Ontario remains the top source market, with most operators noting booking pace that is either the same or better compared to this time last year. * U.S. visitation slows: 32% of operators report lower bookings from U.S. visitors for summer 2025 vs. last year. * Shorter booking windows: Last-minute booking behavior is on the rise due to cautious consumers. * Cost pressures intensify: 37% of operators cite cost increases due to U.S. tariffs and supply issues; 28% regularly source goods from the U.S. On the web: . onX Fish Midwest, a digital mapping and discovery tool for anglers has expanded into North Dakota, according to an item published on the Fishing Wire online news platform. "North Dakota was an obvious next choice for us," Joel Nelson, onX Fish marketing manager, told the Fishing Wire. "Given the state's year-round angling options for several key species in a host of remote environments, our app helps anglers both understand what's in the lakes and the best ways to get there." To mark the expansion, onX and the North Dakota Game and Fish Department (NDGF) have teamed up to give new customers a free three-month onX Fish Midwest membership for anglers who buy their fishing licenses through the Game and Fish Department's online licensing platform. After making their purchase, anglers will receive a message in their NDGF online account with a free access code to unlock their onX Fish Midwest trial. onX Fish Midwest debuted in Minnesota in early 2024. In addition to Minnesota and North Dakota, the app is currently available in Wisconsin and Michigan, and will continue to expand across the region and nationally, the company said. ST. PAUL — Wildlife researchers with the Minnesota Department of Natural Resources are getting ready to begin the final year of a five-year fawn study, fitting newborn white-tailed deer with GPS-tracking collars in southwest Minnesota. With the aid of a contracted drone pilot, the research team locates fawns that are usually one to five days old in their natural habitat. From there, a team of three to four people navigates to the fawn on foot to locate and capture the fawn. Once captured, researchers measure length, weight and overall health before deploying an ear tag and slipping on an expandable GPS collar that grows with the fawn. The whole capture process is typically completed in about four minutes to minimize stress on the fawn. The team has collared about 100 fawns each year and plans to do so again this year. The GPS collars assist in providing information about fawn survival rates, primary causes of fawn mortality, types of habitats they prefer and long-distance movements. The collars are designed to break away from the deer around 18 months of age, at which time the collar provides an exact geolocation for retrieval. While in use, the collar's attached transmitter alerts the team when a fawn remains stationary for multiple hours straight — indicating the fawn may have died. The alert is helpful for the team to quickly locate the fawn and find clues in case of the animal's death. For updates on this year's effort, follow the Minnesota Fish and Wildlife Facebook page. ST. PAUL — Targeted culling is a management action the Minnesota DNR uses to slow the spread of chronic wasting disease where it is known to exist. In a news release, the DNR said it does not cull deer across a broad area; all efforts are focused within 2 miles of recent positives within the past couple years. All culling is conducted with landowner permission. Nearly 30% of all CWD-positive deer found in Minnesota since 2010 were removed through culling. Targeted culling efforts in the south metro (Deer Permit Area 605) were conducted in February. Efforts also took place during March in Crow Wing County (DPA 604) and near Grand Rapids (DPA 679). In total, these culling efforts within three areas combined resulted in 201 samples, with one result (from the Grand Rapids area) indicating a positive CWD detection. All deer culled are processed by a licensed meat processor and the venison is stored until test results are received. Deer that receive a "not detected" test result are given back to participating landowners or donated to food banks for distribution to local food shelves. All deer that test positive are brought to the University of Minnesota Diagnostic Laboratory for disposal in an alkaline digestor. The DNR website at has more info about targeted culling and CWD test results. ST. PAUL — Does typically give birth to fawns from mid-May to mid-June, which allows fawns time to grow and prepare for the winter. However, people may encounter fawns later in the summer and wonder what caused that. In a news release, the DNR said a doe cycles into estrus every 28 days, and it has been observed in captivity for a doe to go into estrus up to six times a year. The majority of does become pregnant during their first estrus cycle, but if you have ever observed a fawn with spots that was clearly born later in the summer, it is likely a result of a late-bred doe. Some reasons for this include uneven buck-to-doe ratios, a doe having a miscarriage and cycling back into estrus, or fawn females becoming of age and size to be bred. The latter is likely the most common reason in areas with good nutrition. ST. PAUL — The DNR is seeking people with a range of perspectives and experiences, including local fishing guides, local anglers, anglers from across Minnesota, local businesses and local resorts, and water-based businesses, to serve on two fisheries input groups: one for Lake Winnibigoshish and the other for Rainy Lake. The groups work closely with the DNR to provide input on fisheries management activities on these lakes, including any activities that are authorized, licensed, permitted or otherwise regulated or managed by the state. Minnesota residents can apply online through Tuesday, June 24, to serve on the fisheries input groups for Lake Winnibigoshish or Rainy Lake. The DNR supports the groups by supplying information relevant to their discussions, including standard fish population assessments, creel (angler) surveys, status of invasive species or other available information requested by the groups. Detailed committee and application information for each group is available on the Rainy Lake page at and the Lake Winnibigoshish page at .
