Western Michigan University-linked investment firm Sleeping Giant Capital has raised $21m for the first close of its fund which has a $50m target.

Sleeping Giant Capital, a US-based venture firm allied to Western Michigan University (WMU)’s Haworth College of Business, has raised $21m for the first close of its fund.
The fund was launched in August last year and has a $50m target. It will look to conduct buyouts of small businesses throughout west Michigan, targeting companies with $3m to $30m in revenue, and install new leadership.
The fund is managed by Derrick McIver and Doug Lepisto, the co-directors of…

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Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.