Michigan-based “fund-of-funds” reports a 17 to 1 ROI
Ann Arbor-based Renaissance Venture Capital Fund is a “fund-of-funds” that invests in venture capital funds around the country that are willing to look at deals in Michigan. Has it been successful? The 10-year old fund announced recently that it has had lured more than $17 in investment to the state for every dollar it has invested. That totals $1.3 billion. Read more here.