Capital Raise

The 18 Michigan investors who invested in a Florida craft rum distiller are backing a fast-growing industry that offers plenty of opportunity. Nearly all of the investors involved in the $1.33 million investment in Key West-based Papa’s Pilar rum are from West Michigan, according to Dale Grogan, managing director at Grand Rapids-based investment bank Charter …

West Michigan investors join growing interest in craft distillery market Read More »

By Mike Palm, Director, Charter Capital Partners After more than 10 years of unprecedented economic expansion, the COVID-19 pandemic has brought us to economy zero, impacting both cash reserves and cash flows of many businesses. Despite a likely shift to a more risk-averse credit market, numerous potential financing sources can help businesses through this uncertain …

Increasing liquidity through a capital raise Read More »

GRAND RAPIDS — An interested investor led Charter Capital Partners to form a small fund for investors to put money into a craft distiller. Charter-HN Spirits Fund LLC recently closed on the first $785,000 raised from 14 investors, according to a regulatory filing with the U.S. Securities and Exchange Commission. The fund, consisting of individual …

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