US Innovative Technology Fund

The firm uses a hybrid model that includes both direct co-investments and fund-of-funds commitments. For select opportunities, it structures its own special purpose vehicles to lead direct deals. This dual approach allows it to access early-stage companies through established venture partnerships while reserving capacity for concentrated, direct bets where it can add technical diligence.

The firm targets early-stage and growth-equity rounds. Its early-stage activity is closely tied to companies commercializing university or national-lab research, while its growth-equity positions appear in later rounds where industrial scaling or enterprise adoption is the central question. It is not known to operate a seed-stage vehicle or a dedicated buyout fund.

Based on the firm's stated strategy, primary sectors include enterprise software, artificial intelligence and machine learning, cybersecurity, industrial technology, and robotics and automation. These align with Pittsburgh's regional strengths and the technical backgrounds that deal flow from Carnegie Mellon and the National Energy Technology Laboratory often requires.