October 18, 2016 (Grand Rapids, Mich.) — Here’s an interesting launch of a new private equity firm that appears to have the interests of family offices and family businesses in its sights. Called Auxo Investment Partners, the firm wants to appeal to long-term wealth creators and at the same time align its interests with those of investors. When it comes to taking stakes in companies, Auxo says it wants to bridge the "troubling gap in the private investment marketplace" between the short-termism of private equity and the lack of expertise from investors like family offices to help build a business.
October 17, 2016 (Grand Rapids, Mich.) — Western Michigan is home to an innovative new private equity firm. Auxo Investment Partners, launched today in Grand Rapids, aims to help small businesses achieve their full potential for current and future generations of owners, employees and communities by making long-term investments and providing expert operational and strategic support.
October 17, 2016 (Grand Rapids, Mich.) — A new private equity company, Grand Rapids-based Auxo Investment Partners, has announced commitments for about half of the $50 million fund it is raising to invest in 10-15 small businesses over the next five years.
October 18, 2016 (Grand Rapids, Mich.) — Founded by Jeff Helminski, Jack Kolodny and Fred Tedori, Auxo has already secured commitments half of the vehicle’s target and is currently in talks with additional founding partners for the remaining equity.
October 17, 2016 (Grand Rapids, Mich.) — A trio of private equity veterans have started a new firm in Grand Rapids. Jeff Helminski, Jack Kolodny and Fred Tedori announced today the launch of Auxo Investment Partners, a private equity firm with a focus on long-term investments for small businesses.
October 17, 2016 (Grand Rapids, Mich.) — Private equity firm Auxo Investment Partners has launched with an initial goal of raising $50 million in equity commitments to invest in North American manufacturing, industrial, value-added distribution, or business services companies.