Founding Manager | 49th Fund
Carol Howarth is a co-founder of the 49th Fund, which considers equity or convertible debt investments in companies poised for growth, needing capital, and with a clear benefit to Anchorage and Alaska.
Carol has over 20 years strategic and operational experience, having worked in the U.S. and Europe with both large and start-up companies. Born and raised in Anchorage, she returned to Alaska in late 1999, working with early-stage companies, all of which struggled to find follow-on financing in Alaska. Carol began exploring the possibility of bringing an established fund to Alaska in 2008. It was only with the US Treasury allocation of “Stimulus Funds” to the Municipality of Anchorage, that Carol and partner Jamie Kenworthy decided to establish their own fund. That brought both Outside and Alaska investors to the table to establish the 49th Fund in 2014.
While Carol has a passion for manufacturing and tech, she really likes everything outdoors. She is a strong believer in all those Alaskan businesses developing incredibly cool stuff for gearheads.
Carol received an MBA from the University of Chicago and a BA from Whitman College.