What stage does Sun Mountain Capital invest at?

Sun Mountain Capital invests at the Seed, Series A, Growth, Late Stage stages.

What sectors does Sun Mountain Capital focus on?

Sun Mountain Capital focuses on Impact & Social Good, Sector Agnostic.

Where is Sun Mountain Capital located?

Sun Mountain Capital is headquartered in Santa Fe, US.

Sun Mountain Capital

Venture capital

Santa Fe · Seed–Late Stage · 8 people tracked

Also known as SUN MOUNTAIN CAPITAL ADVISORS, LLC

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Investment thesis

Sun Mountain Capital applies a hybrid investment approach spanning venture capital and private credit. It invests across all stages, from early-stage Seed and Series A through expansion-stage growth companies. Its offerings include direct equity, private credit, pooled fund programs, and customized investment solutions designed to support and align with local economies.

Invests inImpact & Social Good Sector AgnosticSanta Fe

Source: firm website, verified Aug 3, 2026.

Stage

Seed–Late Stage

Santa Fe, US

Instruments

Equity · Debt

AUM

$378.7M

Tracked investments

Team · 8 people

from the firm's website

Brian Birk· Managing Partner· Rocky Mountain and Southwest regions

Brian Birk is a Co-Founder and Managing Partner of Sun Mountain Capital, where he serves on all of the firm's investment committees. He previously worked on the investment side at Fort Washington Capital Partners as Vice President and Director of Private Equity, and spent six years at the Boston Consulting Group in its North American Technology and Life Sciences practices. Earlier in his career he co-founded or held senior roles at several startups; he holds an MBA from Northwestern University's Kellogg School and an undergraduate degree in Economics from Carleton College.

Catriona Forrester· Managing Director

Catriona Forrester is a Managing Director at Sun Mountain Capital, where she manages the firm's Mexico Ventures program and sits on the Mexico Ventures III Investment Committee along with several Limited Partner Advisory Committee positions. Before joining the firm, she was an Investment Officer for Pomona Impact in Guatemala, working on fund and transaction structuring across Latin America, and previously worked in Asia Pacific as an equities analyst and portfolio manager. She has also held corporate finance roles involving large M&A transactions, cross-border structuring, and capital raisings, and holds a BA from the University of New South Wales and master's degrees from Macquarie University, Deakin University, and the University of Technology, Sydney.

Hal Hayden· Partner, Private Credit

Hal Hayden is a partner in Sun Mountain Capital's private credit strategy, focusing on growth capital lending to expansion-stage technology companies, and sits on the Investment Committees of Sun Mountain Private Credit I and II and the New Mexico Recovery Fund. He has over 30 years of experience as a lender, investor, and entrepreneur, previously serving as a Partner at Trinity Capital Investment and as founding CEO of Agility Ventures. Earlier he founded Heritage Software Finance (acquired by First Sierra Financial) and Priority Leasing Corporation, and began his career at IBM's General Systems Division. He holds a BA in Business Administration from the University of Arizona.

Kevin Barber· Partner, Private Credit

Kevin Barber leads Sun Mountain Capital's private credit strategy, focusing on growth capital lending to expansion-stage technology companies, and sits on the investment committees of the firm's Private Credit I and II funds and the New Mexico Recovery Fund. He previously was a Managing Director at Columbia Pacific Advisors, where he co-founded and co-managed the Union Bay Capital Partners I private credit fund, and held roles at Comerica Bank's Technology and Life Sciences practice, Northwest Venture Associates, Visio Software, and Hewlett Packard. He holds an MBA from the University of Washington and a BA in Business Administration from Seattle University.

Sally Corning· Partner

Sally Corning is a Co-Founder and Partner at Sun Mountain Capital, where she serves on the investment committees of the firm's domestic investment programs. Before co-founding the firm, she spent 13 years at Credit Suisse in the Private Placement Group and previously worked in investment banking at Morgan Stanley and Dean Witter Reynolds. She holds an MBA from Columbia University and a BSBA in Finance from Georgetown University.

Karen Allen· Controller

Karen Allen is the Controller at Sun Mountain Capital, where she works on the firm's tax and accounting functions. She joined the firm in 2008 and has more than 19 years of experience in controller, accounting, and office management roles at private equity organizations, including a prior position as Accounting and Office Manager at Technology Funding Inc., a Santa Fe, NM venture capital firm focused on life sciences. She holds a BA in Psychology from the College of Santa Fe.

Lee Rand· Advisor

Lee Rand was a Partner at Sun Mountain Capital from 2009 to 2025 and now serves the firm and its funds as an advisor, having previously sat on the investment committees of all the firm's programs. Before Sun Mountain, he founded semantic search company Knogee, held business development and product roles at Intel, and led product management at semiconductor startup Netboost; earlier in his career he worked at Ernst & Young and as an independent strategy and operations consultant. He holds an MBA from Harvard Business School and a dual BA in computer science and mathematics from Cornell University.

Reed Soehnel· Chief Financial Officer & Chief Compliance Officer

Reed Soehnel is the Chief Financial Officer and Chief Compliance Officer at Sun Mountain Capital, overseeing accounting operations, financial reporting, tax, and regulatory compliance, and he also works on the firm's Private Credit Team conducting due diligence and structuring transactions. He previously worked as a financial statement auditor at Deloitte & Touche and KPMG, and joined Sun Mountain Capital in 2015 as Director of Accounting. He holds a Bachelor of Professional Accountancy from Saginaw Valley State University and is a CFA Charterholder and a CPA in New Mexico.

What they invest in

from 20 of 85 portfolio companies

Biotech ×5Deep Tech ×4Healthtech ×4Enterprise Software ×3Hardware ×3New Materials ×3AgTech ×2AI & Machine Learning ×2

HQs:United States×17Spain×1

Investments · 85 tracked

founders shown can be your intro path

Exagenexagen.comin 𝕏NASDAQ: XGN

Exagen develops diagnostic and monitoring tests for autoimmune diseases, including tools to distinguish connective tissue disease and assess lupus prognosis and progression.

BiotechDigital HealthHealthtechMedical DevicesVista, US

Thierry Dervieux(Executive Officer)Wendy Swedick(Executive Officer)Arthur Weinstein(Director)James L.L. Tullis(Director)Fortunato R. Rocca(Executive Officer, Director)John M. Radak(Director)

Board seatBrian Birk· per SEC Form D

Armonica Technologiesarmonicatech.com

BiotechAlbuquerque, US

Stephen Brueck(Executive Officer, Promoter)David Blivin(Director)Waneta Tuttle(Director)Emily Milsovic(Executive Officer, Director)Todd Dickinson(Director)Steven R.J. Brueck(Director)

Board seatSally CorningBrian Birk· per SEC Form D

Avisa Pharma Inc.SEC filingmedium confidence

HealthtechSanta Fe, US

Thomas R. Morse(Director)Matthew Culler(Executive Officer)Brian P. Birk(Director)William A. Miller(Director)David S. Joseph(Executive Officer, Director)Chuck J. Morrison(Director)

Board seatBrian Birk· per SEC Form D · $6M raise · filed Jun 2018

Bayotechbayotech.us

AgTechAlbuquerque, US

Robert A. Jung II(Director)Milton Edward Vernon(Executive Officer)Justin Eisenach(Executive Officer, Director)David Blivin(Director)Sally Corning(Director)James Scott Dyer(Executive Officer, Director)

Board seatSally Corning· per SEC Form D

BennuBiobennubio.comSEC filingmedium confidence

BiotechAlbuquerque, US

Travis Woods(Executive Officer)Steven Graves(Executive Officer, Director, Promoter)R. Terry Dunlay(Director)Waneta Tuttle(Director)James Freyer(Executive Officer)Sally Corning(Director)

Board seatSally Corning· per SEC Form D · $2M raise · filed Aug 2018

Green Theme Technologiesgreenthemetech.comSEC filingmedium confidence

EMPEL develops a PFAS-free water-repellent coating technology that bonds directly to fiber materials for durable, long-lasting performance without wastewater generation.

CleantechNew MaterialsRio Rancho, US

Thomas Lopez(Executive Officer, Director)Gary S. Selwyn(Executive Officer, Director)Martin Flora(Executive Officer, Director)Zachariah Jonasson(Director)Ryan Chen(Director)Brian Birk(Director)

Board seatBrian Birk· per SEC Form D · $1.5M raise · filed Dec 2021

Seamless Medical SystemsSEC filingmedium confidence

Santa Fe, US

Thomas M. Lopez(Director)David Perez(Executive Officer, Director)Anthony Brooke(Executive Officer)Brian Birk(Director)William Murray(Executive Officer)Charles W. Patrick(Director)

Board seatBrian Birk· per SEC Form D · $4.6M raise · filed Oct 2016

xF Technologiesxftechnologies.com

xF BioSolutions is a technology development company that uses sustainable chemistry, including NHC catalysis at industrial scale, to convert renewable feedstocks into non-toxic specialty chemicals.

BiotechCircular EconomyCleantechClimate TechDeep TechEnergyNew MaterialsAlbuquerque, US

Leonard Rand(Executive Officer, Director)Stacy Methvin(Director)David Blivin(Director)Tom Stephens(Director)Alonso Diaz(Director)Aviad Cahana(CEO & Co-founder)

Board seatSally Corning· per SEC Form D

3Dgsinc3dgsinc.comin

Agshiftagshift.comin 𝕏

Amplificaamplifica.capitalin 𝕏

Angelventuresangelventures.vcin 𝕏

Avisadxavisadx.com

Bluestonevpbluestonevp.com

Capitalindigocapitalindigo.mx

CardioMEMScookiedatabase.org

Cerracapcerracap.com

Clearas Water Recoveryclearassolutions.com

Missoula, US

Jordan Lind(Executive Officer, Director)Thomas Wenz(Executive Officer)Craig Hurlbert(Executive Officer, Director)Art Umble(Director)Travis Joyner(Executive Officer, Director)Steve Rector(Director)

Cometacometa.vcin

Cottonwoodcottonwood.vc

Daluscapitaldaluscapital.comin 𝕏

Deetkenimpactdeetkenimpact.comin 𝕏

Descartes Labs Geospatial analytics platformdescarteslabs.com

Excelvmexcelvm.com

Exit Enterprise Mobile Securityivanti.com

Ivanti provides integrated IT and security solutions for managing, automating, and protecting IT service management, network security, endpoint management, and exposure management across on-premises, cloud, and hybrid environments.

CybersecurityDeveloper ToolsEnterprise Software

Fetch Rewardsfetch.comin 𝕏

Fetch operates a rewards platform that provides consumer loyalty data to brands and offers consumers points redeemable for gift cards and rewards based on shopping, dining, and gaming activities.

ConsumerDirect to ConsumerMarketing TechRetail TechMadison, US

Chris Nohl(Director)Andrew Boszhardt(Director)Ken Harris(Director)Frank Azzolino(Director)Wes Schroll(Executive Officer, Director)

First Crop

Santa Fe, US

Jane Pinto(Director)David Weir(Executive Officer, Director)

Gerberacapitalgerberacapital.com

Gestalt Diagnostics in 𝕏

HealthtechSpokane, US

Dan Roark(Executive Officer, Director, Promoter)Steve Rector(Executive Officer)Ken McCabe(Executive Officer, Director)Jon Copeland(Director)Marco Chung(Director)

BoardBill Driscoll(Director)

Getpulpogetpulpo.comin 𝕏

Greenthemetekgreenthemetek.com

H20Capitalh20capital.com

Hi Ventureshi.vc

ID90 Travelid90travel.com

Ideasycapitalideasycapital.com

Ingenuityventurefundingenuityventurefund.com

Ivoyivoy.mx

Jaguarvcjaguarvc.comin 𝕏

Kiwilimonkiwilimon.com𝕏

Kubofinancierokubofinanciero.com

Listofinlistofin.com

Livcapitallivcapital.mx𝕏

Matterscalematterscale.com

Meow Wolfmeowwolf.comin

Meow Wolf creates immersive art installations and experiences that engage communities through interactive exhibitions and learning programs.

ConsumerImpact & Social GoodMedia & EntertainmentSanta Fe, US

Peter Zandan(Director)Vince Kadlubek(Executive Officer, Director)Andrew Tulchin(Executive Officer)Sean Di Ianni(Executive Officer, Director)Winston Fisher(Director)Matt King

mPower Technologympowertech.comin 𝕏

mPower Technology develops advanced power systems and solar technologies for spacecraft and space applications.

Advanced ManufacturingEnergyHardwareSpace TechAlbuquerque, US

Dr. Murat Okandan(CTO & Founder)Mark Spoto(Director)Kevin Hell(Executive Officer, Director)inDavid Blivin(Director)Donald Telage(Director)Kaveh Rouhani(Executive Officer)in

Nazcanazca.vc

Nxtpnxtp.vc

Ofiofi.comin

Onetenoneten.capital

Pc Capitalpc-capital.comin 𝕏

Phoenix Vpphoenix-vp.com

Precisioncellsystemsprecisioncellsystems.comin

Precision Cell Systems is a company that provides products and services related to genomics and cell/biology research, offering resources, webinars, and product ordering through its website.

BiotechHealthtechLivermore, US

Realizedsundropfuels.com

Realizednocow.com

Realizedvirtualitics.comin 𝕏

Virtualitics develops AI applications and platforms designed to help organizations build trust in AI and optimize data analysis for readiness and decision-making.

AI & Machine LearningDefense TechEnterprise Software<UNKNOWN>

Realizedroboticskies.comin 𝕏

Realizedremotelock.comin

Realized46labs.com

Realizedamericanclay.com

Realizedeclipse.aero

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Frequently asked questions

What stage does Sun Mountain Capital invest at?: Sun Mountain Capital invests at the Seed, Series A, Growth, Late Stage stages.
What sectors does Sun Mountain Capital focus on?: Sun Mountain Capital focuses on Impact & Social Good, Sector Agnostic.
Where is Sun Mountain Capital located?: Sun Mountain Capital is headquartered in Santa Fe, US.

Media · Podcasts & interviews

featuring the team

Meet Brian Birk, Sun Mountain Capital

Technology Ventures Corporation · Brian Birk

Images

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