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September 07, 2020 | Tom Ballard

New venture fund focused on keeping businesses locally-owned

Two professors at Western Michigan University are launching a new $50 million venture capital fund to offer opportunity to a new generation of business executives while keeping established businesses local.

The fund is focused on aging Baby Boomers who own a business and want to retire, but lack a succession plan. Fund organizers want to provide an option for those companies to remain locally owned.

Learn more about their idea for Sleeping Giant Capital Principled Impact Fund I LLC here.

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