The Wisconsin Technology Council has signed an informal agreement with Monument Capital Group LLC, Washington, D.C., that seeks to increase Wisconsin’s reach into international capital markets and to facilitate deal flow that will benefit Wisconsin firms.
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The memorandum of understanding will also allow Monument Capital Group to establish a virtual presence in Wisconsin to further explore direct investments.
Monument Capital’s investment focus is directed toward opportunities in the global security and defense sectors. A representative of the firm attended the recent Resource Rendezvous conference in Milwaukee, which was produced by the Tech Council and the Wisconsin Security Research Consortium.
Tom Still, president of Tech Council, described the agreement as another example of how high-tech ideas produced by Wisconsin companies and research institutions can find their way into the national and global marketplaces.
“This agreement will provide Wisconsin firms with direct access to foreign markets over time,” he said. “It’s also an example of how funds with national and international connections are keeping an eye on Wisconsin’s tech-based assets and world-class R&D.”
Monument Capital Group LLC is a private investment firm with offices in Washington, London, Ankara, Turkey and Delhi, India. Monument Capital Group was founded by Douglas Baker and Robert Dunn, and benefits from the support and involvement of a hands-on Advisory Board with global expertise that includes: Thomas F. McLarty III, president of McLarty & Associates and former Chief of Staff to President Clinton; James A. Baker III, former Secretary of State to President George H.W. Bush; and former Secretary of the Treasury to President Ronald Reagan; Frank C. Carlucci, chairman emeritus of The Carlyle Group and former Secretary of Defense to President Reagan; and Mustafa V. Koc, chairman of Koc Holding, Turkey’s largest conglomerate and one of Europe’s largest companies.
“Monument Capital Group utilizes its sector investing and operational expertise in addressing these significant market opportunities for its portfolio firms. Countries such as India, Turkey, Saudi Arabia and other countries are expected to increase their homeland security efforts by 50 percent and we think that Wisconsin should participate in those opportunities,” said Douglas Baker, Monument’s managing partner. “We are very pleased to work with Tom Still and the Tech Council’s network. Wisconsin sees the future in international business and we are happy to help support this effort.”
The Tech Council is the independent, non-profit and non-partisan science and technology advisory group to Wisconsin’s governor and Legislature. It also manages the Wisconsin Angel Network and a number of events designed to help entrepreneurs.
Representatives of Monument Capital are expected to attend the Wisconsin Early Stage Symposium, Nov. 2-3 in Madison, where up to three-dozen companies will present. To learn more, visit www.wisearlystage.com