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.
A local private equity firm has acquired a die manufacturer based near Lansing. Grand Rapids-based Auxo Investment Partners said it acquired Williamston-based Midway Rotary Die Solutions. Auxo also owns three other die manufacturers, including Bernal Rotary Dies, Atlas Die and Atlas Chem-Milling.
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.
Private Equity International examines Auxo Investment Partners’ unique approach to PE investing that emphasizes unparalleled transparency and alignment between investor and manager.
Michigan-based private equity firm Auxo Investment Partners has expanded out its die manufacturing portfolio by picking up Midway Rotary Die Solutions. The company already has a trio of die manufacturing businesses under its ownership. Midway designs, manufactures and sharpens dies for customers in the automotive, packaging, medical, food processing, tag-and-label, specialty and photo-cutting industries. Auxo managing partner Jack Kolodny said, “We are excited to grow our platform with Midway’s strong legacy and highly skilled, dedicated workforce."