FOF/PE/VC  Michigan 21st Century Investment Fund

http://www.michigan21stcenturyinvestmentfund. com





     Office Locations:

260 E. Brown Street, Suite 317
Birmingham, MI 48009
Phone: 248-430-5738
Fax: 248-743-4191

 

Stages:

  • Early


 

Industries:

  • Information Technology

  •  

    Description:

    The Michigan 21st Century Investment Fund has been created, as per the provisions of the Public Act 225 of 2005 (or the '21st Century Fund Act'), through an agreement between Credit Suisse and the Michigan Strategic Fund. The Fund seeks to strengthen and diversify Michigan's economic base by fostering the creation and growth of new jobs, new businesses, and new industries within the State through investments in private equity, venture capital and mezzanine funds, as well as potential co-investments alongside these funds. Initially, approximately $120 million will be available for fund investments and co-investments, including $6.0 million from Credit Suisse. The Michigan 21st Century Investment Fund focuses on identifying and investing in a diversified, high-quality portfolio of Michigan 21st Century capital, private equity and mezzanine funds that target investments in companies that are located in Michigan or have substantial operations within the State of Michigan. In addition, the Program may opportunistically co-invest alongside select fund managers. The Program seeks to foster the creation and growth of Michigan companies, help diversify Michigan's economy, facilitate the retention and creation of jobs in Michigan, and help encourage the growth of Michigan 21st Century capital, private equity and mezzanine investing in Michigan



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Kelly Williams Managing Director
    Melford Carter Principal, Vice President
    Mike Kell Principal, Vice President

     

    Portfolio companies include:


      Microposite
        web link


     

    Recent News:


      There is no recent news for Michigan 21st Century Investment Fund.