New fund model opens VC investing options to wealth advisers

August 3, 2018 - MiBiz

GRAND RAPIDS — The newest investment fund in West Michigan offers a new model for individual investors to take their first steps into the world of venture capital.

Charter Capital Partners in Grand Rapids formed the Henrickson Nauta Venture Fund 1 LP on behalf of Belmont-based wealth management firm Henrickson Nauta Wealth Advisors Inc.

According to executives, the new fund serves two purposes in diversifying Henrickson Nauta Wealth Advisors’ product offering and creating a direct link to the higher returns possible with venture capital investing compared to the public equities market.

“We are open to looking at alternative investments and alternative investing in general,” said Jeff Nauta, a principal and chief compliance officer at Henrickson Nauta Wealth Advisors.

The firm has high net worth clients, generally retirees, who are “looking at and growing more and more comfortable with the idea of alternative investments,” Nauta said.

“Clients have an appetite for this,” he told MiBiz. “We see a growing trend, especially among business owners who’ve had a liquidity event. They know business and they like to maybe maintain that cadence as far as reviewing the financials and understanding what’s going on in the business.”

Charter Capital Partners envisions a series of annual or biannual funds in which wealth managers have access and input into investment decisions, Grogan said. Charter Capital Partners manages the new fund on behalf of Henrickson Nauta Wealth Advisors, which has a representative on the investment review committee, he said. more

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