News

Jeff Helminski, Managing Partner of Auxo Investment Partners was recognized as one of Grand Rapids 200 in 2020. This comprehensive list created by the Grand Rapids Business Journal features 200 of the areas most powerful business leaders in more than 20 industries. The resource list of individuals was compiled based on a number of factors including the size of a given company or organization, growth rate, geographical reach, and extensive personal contacts.

When Business Journal reporters and editors met to discuss nominees for the 2018 Newsmaker of the Year honors, nearly 200 choices were considered before settling on the top three nominees...In short, we are honoring the people who generated the most important news stories during 2018.

Finance

  • Jeff Helminski and Jack Kolodny, Auxo Investment Partners
  • Kelly Potes, ChoiceOne Bank
  • Tom Welch, Fifth Third Bank

A two-year-old private equity firm has finished raising $50 million for its inaugural fund. Grand Rapids-based Auxo Investment Partners said yesterday it closed the investment fund Auxo Growth Holdings I. The firm raised the committed capital from family offices and institutional investors.

Jeff Helminski, co-founder and managing partner of Auxo Investment Partners in Grand Rapids, successfully leveraged his atypical experience and path in multiple deals last year. Helminski has a diverse professional background, including experience in manufacturing engineering, high-volume assembly operations management and real estate development. His firm, Auxo, now specializes in investing in and growing founder- and family-owned industrial, manufacturing and business services companies.

Closing fundraising for a $50 million private equity fund gives Auxo Investment Partners a year-long breather before preparing to raise capital for a second fund. Presuming Grand Rapids-based Auxo Investment Partners maintains its present pace of investments, Managing Partner Jeff Helminski expects the firm to return to fundraising mode as soon as a year from now.