Eastern Band of the Cherokee Indians
Overview
The Eastern Band of the Cherokee Indians (EBCI) is a federally recognized Native American tribe based in North Carolina, USA. As a sovereign entity, the EBCI manages a sovereign wealth fund aimed at fostering economic growth and sustainability for its members. The fund's investments span various sectors, including real estate, entertainment and hospitality, energy, technology, healthcare, and cannabis, reflecting a strategic approach to diversify revenue streams and enhance the tribe's financial independence. In the real estate sector, EBCI has engaged in significant developments such as The 407, a large commercial project in Sevierville, Tennessee. In entertainment and hospitality, the tribe has expanded its footprint by acquiring properties like Caesars Southern Indiana and entering into joint ventures like Caesars Virginia, a $650 million project in Danville, Virginia, slated to open in late 2024. The tribe's energy initiatives include the establishment of a solar farm adjacent to the Cherokee Valley River Casino, generating over 1 million kWh annually and supporting the tribe's commitment to sustainable energy. Additionally, EBCI has been awarded grants for clean transportation investments, including the deployment of electric school buses and the development of a solar microgrid. The tribe's technology and healthcare investments aim to enhance infrastructure and services for its members. Notably, the EBCI has launched medical marijuana sales through the Great Smoky Cannabis Co. dispensary, exercising its sovereignty to regulate and benefit from cannabis sales. This initiative is projected to generate significant annual sales, contributing to the tribe's economic and social growth. These diverse investments underscore the EBCI's commitment to economic development, cultural preservation, and the well-being of its community members.
Investment Focus
- Alignment with tribal economic development goals
- Sustainable and profitable ventures
- Opportunities that benefit the tribe's members
Portfolio Companies
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Unlock full contacts →Frequently asked questions about Eastern Band of the Cherokee Indians
What sectors does Eastern Band of the Cherokee Indians invest in?
Eastern Band of the Cherokee Indians invests in Technology, Healthcare, Energy, Real Estate, Cannabis and Entertainment and Hospitality, and is based in North Carolina, United States. Eastern Band of the Cherokee Indians is listed as a sovereign wealth fund in the ConnectSafely investor database.
What stage does Eastern Band of the Cherokee Indians invest at?
Eastern Band of the Cherokee Indians backs companies at Growth, Late Stage, Pre-IPO and Buyout.
Which regions does Eastern Band of the Cherokee Indians invest in?
Eastern Band of the Cherokee Indians invests across United States.
What companies has Eastern Band of the Cherokee Indians invested in?
Eastern Band of the Cherokee Indians's portfolio includes The 407, Caesars Southern Indiana, Caesars Virginia, Cherokee Valley River Casino and Great Smoky Cannabis Co..
Last updated · Source: ConnectSafely investor database
