# Oklahoma Capital Investment Board

Oklahoma Capital Investment Board is a Government / Public Body based in Oklahoma City, United States.

## Overview

- **Organization type:** Government / Public Body
- **Headquarters:** Oklahoma City, United States
- **Region:** North America
- **Address:** Oklahoma City, OK, United States
- **Founded:** 1991
- **Assets under management:** Undisclosed
- **Website:** ocib.ok.gov
- **LinkedIn:** https://www.linkedin.com/company/oklahoma-capital-investment-board

## Regulatory record

- **Reports private funds:** No

## About

The Oklahoma Capital Investment Board is a government investment group based in Oklahoma City, Oklahoma. It invests in various projects and initiatives to support economic development in the state. The board's investments are guided by its statutory authority.

## Sectors

- Venture Capital
- Private Equity
- Real Estate
- Infrastructure
- Economic Development

## People

- Kevin Stitt — Governor of Oklahoma; member, Invest in Oklahoma Board
- Todd Russ — Oklahoma State Treasurer; overseer, Invest in Oklahoma program

## Questions

### What was the OCIB's investment structure?

OCIB operated as a fund-of-funds, committing capital raised through state-guaranteed tax credit sales to Oklahoma-focused venture capital and growth-equity funds. It did not make direct company investments, distinguishing it from many state economic-development agencies that rely on direct loans or grants.

### What happened to OCIB's portfolio after its dissolution?

By 2021, the Oklahoma legislature shifted any remaining OCIB assets and investment management responsibilities to the Invest in Oklahoma program, overseen by the Oklahoma State Treasurer. Operational partners including the Oklahoma Center for the Advancement of Science and Technology and i2E continue to manage related seed-capital and innovation programs.

### Did OCIB invest outside of traditional venture capital?

Yes. Alongside its venture-fund commitments, OCIB was involved in economic-development finance including the Oklahoma Capital Access Program loan portfolio and a notable contingent guarantee backing the NBA's New Orleans Hornets' temporary relocation to Oklahoma City after Hurricane Katrina in 2005.

### Who governed OCIB's investment decisions?

OCIB was governed by a board of political appointees and ex officio state officials. Its successor, the Invest in Oklahoma program, includes the Governor of Oklahoma and the Oklahoma State Treasurer as board members. Professional staff and partner entities like the Oklahoma Development Finance Authority handled day-to-day portfolio oversight.

### Is any OCIB successor entity still active for new commitments?

The Invest in Oklahoma program is active as OCIB's statutory successor, with the Oklahoma State Treasurer overseeing its operations. The Oklahoma Seed Capital Fund managed by i2E and OCAST's innovation programs remain the most direct ongoing investment vehicles in the state's venture and technology-commercialization ecosystem.

### How does Oklahoma's model compare to other state venture programs?

Oklahoma's tax-credit capitalization model was considered innovative for its era — it let the state deploy venture capital without annual legislative appropriation battles. Other states like Utah and Michigan have used similar contingent-liability or tax-credit structures, but Oklahoma was an early adopter and sustained the program for three decades before transitioning governance.

## Related profiles

- [OKI Corporate Pension Fund](https://altss.com/profile/oki-corporate-pension-fund)
- [Oklahoma Police Pension & Retirement System](https://altss.com/profile/oklahoma-police-pension-retirement-system-opprs)

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Last updated: 2026-06-03T20:00:00.000Z

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