About
The Venture Michigan Fund ("VMF") is a venture capital fund investment program formed under the Michigan Early Stage Venture Investment Act of 2003 (or the "Act of 2003"). VMF seeks to promote Michigan's economic health by assisting in the creation of new jobs, new businesses and new industries in Michigan through the creation of a fund-of-funds. The fund-of-funds will invest in venture capital managers that invest primarily in Michigan-based early stage companies. As per the Act of 2003, the capital for the program has not be provided by the State but raised from outside investors. To encourage investment in VMF, the Michigan Department of Treasury agreed to provide investors with up to $450 million of tax voucher certificates that could be used as a form of "currency" to offset any shortfall in debt servicing by fulfilling an equivalent amount of Michigan Business Tax and/or withholding tax obligations of the investors. The Credit Suisse Customized Fund Investment Group ("CFIG") was
Investment Focus
- Stages
- growth
- Location
- Chicago, US
Contact Information
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