FNEDCO and FNCP
First Nations Economic Development Corporation (FNEDCO) and First Nations Capital Partners, LLC (FNCP)
The other investment entity, FNEDCO, holds the tribe’s interest in First Nations Capital Partners, a private equity fund. First Nations Capital Partners, LLC (FNCP) is the first inter-tribally controlled private equity firm in the United States. Further, it is the first and only fund of its kind to bring together two sovereign Indian nations and a prestigious financial institution. In addition to the Rincon Band of Luiseño Indians, FNCP’s other principal investors include the Colusa Indian Community Council, and Wells Fargo Bank, each of which committed $5 million to the fund. FNCP’s mission is to acquire or provide capital for growing profitable companies in traditional industries in the 11- Western states. FNCP provides active management of its portfolio companies, transforming the businesses from reasonably successful entrepreneurial-based companies to professionally managed and operated companies with increased revenues, profits and value.
FNCP currently owns the controlling interest in a plastic card manufacturing company located in Southern California and a cordage and rope manufacturing company located in Washington State, a container company in Ontario, CA and an off-road parts manufacturing company in Paso Robles.