The fund of funds run by Business Leaders for Michigan secures funding from corporates including Amway, DTE Energy, Blue Cross Blue Shield of Michigan and La-Z-Boy.
Non-profit organisation Business Leaders for Michigan has tapped corporates for $60m to invest in its second Renaissance Venture Capital Fund, a fund of funds. Detroit, Michigan’s largest city, is pictured.
The second fund takes Renaissance’s capital to more than $100m. The fund was backed by corporates including Amway, DTE Energy, Blue Cross Blue Shield of Michigan, Meijer, and La-Z-Boy, as well as Wayne State University and three Michigan foundations: the Herbert H. and Grace A. Dow Foundation, the W.K. Kellogg…
