Launched in 2012, the Michigan Prosperity Fund is focused exclusively on businesses that are either headquartered or have significant operations within the state of Michigan. The primary objective of the fund is to generate successful returns for investors and to support the Michigan economy by protecting and creating jobs within the state, while reducing the export of Michigan capital to out-of-state investors acquiring Michigan businesses.
Blackford estimates there are more than 1,600 Michigan-based companies roughly matching its investment criteria. When Michigan companies are looking to transition ownership of their business, it is important to them to sell to a Michigan-based firm and our team is here to help.
Similar to the Michigan Prosperity Fund, the National Growth Practice invests in lower middle-market manufacturing, distribution, and service companies in both mature and growing industries.
This strategy pursues investments throughout the United States. Blackford Capital currently has 4 portfolio companies in its National Growth Practice and will continue to pursue investments on a per transaction basis.