Details

Industries

Banking,Finance,Venture Capital

Founded date

Jan 1, 2008

Number Of Employee

1 - 10

Operating Status

Active

Investor Type

Government Office,PE

The InvestMichigan! Program (the “Program”) is an initiative that makes capital available to successful entrepreneurs who create jobs in Michigan. Its principal goals are to generate strong returns for investors, provide assistance to growing Michigan companies, attract world class investment in the outstanding companies already present in Michigan, and encourage investors to locate their portfolio companies in Michigan. Investments are made across a broad range of industry sectors and investment stages, ranging from early-stage venture through mature companies.

The Funds are co-managed by Beringea, a Michigan-based venture capital firm experienced in geographically targeted investment programs, and GCM Grosvenor Private Markets. The objectives of the funds are to:
Retain and attract growth businesses to Michigan;
Nurture portfolio companies at each phase of development;
Enhance Michigan’s reputation for entrepreneurship;
Attract leading regional and national private equity and venture capital investment funds to Michigan, and
Further develop Michigan’s entrepreneurial ecosystem

Portfolio companies that become part of the program and their management teams will be supported by the Business Leadership Council, led by Chairman Peter Karmanos and comprised of Michigan business leaders who offer support, guidance and access to business relationships.