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.
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.
Private Equity International examines Auxo Investment Partners’ unique approach to PE investing that emphasizes unparalleled transparency and alignment between investor and manager.
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.
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.