Auxo Investment Partners, a Grand Rapids, Michigan-based private equity firm, held the final closing of its first investment fund, at $50m. Under Auxo’s model, investors, or Founding Partners, invest not only in its portfolio companies, but also in the firm itself. They participate in all economic benefits generated by Auxo, including carried interest and fees, with a priority position ahead of the Management Partners.

GRAND RAPIDS — Auxo Investment Partners closed fundraising for its first fund after netting $50 million from family offices and institutional investors. The close last week enables Auxo partners to focus solely on seeking and vetting investment prospects. The Grand Rapids-based private equity firm expects to invest in 10 to 15 companies over the next three years through Auxo Growth Holdings I LLC, deploying an estimated $150 million in capital through co-investments with family offices.

October 18, 2016 (Grand Rapids, Mich.) — A new private equity firm, Auxo Investment Partners, has launched in Grand Rapids with the aim to help small businesses in West Michigan achieve their full potential for current and future generations of owners, employees and communities. Auxo seeks to fill what they see as a gap for business owners in the private equity firm marketplace, said Jeff Helminski, who co-founded Auxo with Jack Kolodny and Fred Tedori. For many small, family-owned businesses, there may come a hand-off if a generation does not want the business, or a company may be seeking outside partners to fuel growth, Helminski said.

Auxo Investment Partners, a Michigan-based private equity firm, today announced the final closing of its first investment fund, Auxo Growth Holdings I LLC. Reaching the hard cap is an important milestone for Auxo, which was founded in late 2016 by three veteran investors and operators: Jeff Helminski, Jack Kolodny and Fred Tedori. Combined with direct co-investment from family offices and modest leverage, the inaugural fund will deploy approximately $150 million of equity in 10 to 15 companies over the next three years – and has already invested over $30 million of equity in four acquisitions, including an industry-leading cutting die-manufacturing platform and a niche maritime transportation platform.

October 18, 2016 (Grand Rapids, Mich.) — Auxo Investment Partners, a Grand Rapids, Mich.-based private equity firm focused on small-cap companies in the Manufacturing, industrial, value-added distribution or business services industries, is raising upwards of $50 million for its debut fund. The firm is led by former Blackford Capital pros Jeff Helminski and Jack Kolodny, plus current Enterplast chairman and CEO Fred Tedori.