# Verge

Verge is a Private Equity based in Albuquerque, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Albuquerque, United States
- **Region:** North America
- **Address:** Albuquerque, NM, United States
- **Founded:** 2003
- **Assets under management:** Undisclosed
- **Website:** vergefund.com
- **LinkedIn:** https://www.linkedin.com/company/vergeapp

## Regulatory record

- **CRD number:** 307312
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/307312

## About

At Verge, we believe that New Mexico can reach its full potential. We bring together the best entrepreneurs — as investors, founders, managers and advisors — to develop world class companies in NM. We leverage the $5B in research dollars spent here every year. Our vision is to build an innovation-led economy in New Mexico.

## Sectors

- Enterprise Software
- AI/ML
- Cybersecurity
- SpaceTech
- Energy Transition & Renewables

## People

- Bill Bice — General Partner
- Larry Lujan — General Partner
- Ron J. McPhee — General Partner
- Thomas J. Stephenson — Managing General Partner
- Chris Gregory — Director of Finance
- David Franklin — Entrepreneur in Residence
- Erin Barrio — Communications Manager
- Paul Short — Venture Partner

## Questions

### What investment stages does Verge Fund target?

Verge Fund targets seed and Series A rounds, occasionally participating in later insider rounds for existing portfolio companies where it already holds board-level information advantage. Initial check sizes fall between $500,000 and $2 million, with reserves allocated for follow-on participation.

### Which sectors does Verge Fund focus on?

The firm concentrates on enterprise software, artificial intelligence and machine learning, cybersecurity, space technology, and energy transition. Its deal flow is heavily shaped by spinouts from Los Alamos National Laboratory, Sandia National Laboratories, and the Air Force Research Laboratory in Albuquerque.

### How does Verge Fund source proprietary deal flow?

Verge sources from the federal-lab complex and university research ecosystem in New Mexico — an R&D corridor that produces high patent density with low venture competition. The firm also co-invests alongside the New Mexico State Investment Council and the New Mexico Angels network, creating a local capital stack that surfaces deals before they reach coastal syndicates.

### How is Verge Fund related to New Mexico's state economic-development efforts?

Verge co-invests with the New Mexico State Investment Council's direct venture program and participates in the New Mexico Angels network. The firm does not receive state funding but operates as a private complement to the state's innovation-economy strategy, helping retain and commercialize federally funded research inside New Mexico.

### Does Verge Fund maintain offices outside New Mexico?

No. Verge Fund operates exclusively from Albuquerque, New Mexico. The firm does not maintain satellite offices in Silicon Valley, New York, or other traditional venture hubs — its entire operations and investment team works from a single location.

## Related profiles

- [Vergara Performance](https://altss.com/profile/vergara-performance)
- [Verge HealthTech](https://altss.com/profile/verge-healthtech)

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Last updated: 2026-08-11T15:08:32.892Z

Canonical page: https://altss.com/profile/verge

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