Michigan Income and Principal-Protected Growth Fund, LP
Michigan Income and Principal-Protected Growth Fund, LP provides growth debt and funds to firms based in Michigan.
Business Model: B2B
Revenue: $0
Employees: 0-0
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Detailed Michigan Income and Principal-Protected Growth Fund, LP Information
Geographic Data
Address: 1330 Boylston Street 6th Floor
City: Chestnut Hill
State: MA
Zip: 02467
Country: US
Financial Info
Stage:
Raised Last:
$0
Raised Total:$0
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Description
Arctaris launched the Michigan Income and Principal-Protected Growth Fund, LP (the “Michigan Fund”) in 2013 in partnership with the Michigan Economic Development Corporation to provide growth debt to Michigan businesses otherwise underserved by prevailing credit markets. The State of Michigan, through the Michigan Strategic Fund, is one of the Michigan Fund’s key investors and has partnered with Arctaris to increase capital availability and create jobs in the state. Michigan’s investment comes out of its $79M allocation from the $1.5B State Small Business Credit Initiative, which is managed by the U.S. Department of the Treasury to support lending to small businesses. Arctaris has focused on investing in Michigan since 2009 using its innovative royalty-finance structure to assist businesses with their growth strategy in the state. The Michigan Fund is headquartered in Grosse Pointe.
Contact Phone:
+13138217706
Contact Email:
| Announced Date | Company | Transaction | Money Raised |
|---|---|---|---|
| 7/2015 | Events.com | Venture Round | 0 |
| 7/2015 | Events.com | Venture Round | 0 |
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