# North Dakota Development Fund

North Dakota Development Fund is a Private Equity based in Bismarck, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Bismarck, United States
- **Region:** North America
- **Address:** 1600 E. Century Ave. Suite 6, Bismarck, ND, United States
- **Founded:** 1991
- **Assets under management:** Undisclosed
- **Website:** commerce.nd.gov
- **LinkedIn:** https://www.linkedin.com/company/commercend

## Regulatory record

- **Reports private funds:** No

## About

The North Dakota Development Fund facilitates collaboration between financing sources, businesses, and communities. It invests in projects with feasible prospects for success. The fund has made 10 investments, including a Convertible Note in WindSpark.io on October 24, 2025.

## Sectors

- Technology
- Rural Development
- Child Care

## Questions

### Who oversees investment decisions at the North Dakota Development Fund?

The fund operates within the North Dakota Department of Commerce, but the specific investment committee members or managing directors are not named on the state's website. General inquiries are directed to the Economic Development and Finance division at the Department of Commerce.

### Does the Development Fund participate in fund commitments or only direct deals?

The current public profile aligns with a direct investment model, placing capital into operating companies rather than acting as a limited partner in other venture funds. No fund-of-funds activity is documented.

### How is the Development Fund capitalized?

Capital derives from state appropriations and public-sector funding mechanisms, not private limited partners. This creates a mandate shaped by economic development statutes alongside financial return objectives.

## Related profiles

- [NorthCurrent Partners](https://altss.com/profile/northcurrent-partners)
- [Northeast Advisers](https://altss.com/profile/northeast-advisers)

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Last updated: 2026-07-10T08:14:19.000Z

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