Charter Capital Partners, a Grand Rapids, Mich.-based investment banking and capital management firm, today announced the closing of the MAF Opportunity Fund. The $5 million fund was over-subscribed with investment commitments coming from institutional, family office, and individual investors. The Fund was organized to invest in elite companies from its predecessor fund, Michigan Accelerator Fund I.
John Kerschen and Dale Grogan, both managing directors of Charter Capital Partners, also serve as managing directors of the Michigan Accelerator Fund I and the MAF Opportunity Fund. The management team is rounded out by Brian Hamilton, Senior Venture Capital Associate. more