New fund affiliated with WMU aims to raise $50M to acquire small businesses in West Michigan
Posted by Stacey Anderson on September 1, 2020
Sleeping Giant Capital, a private investment firm with ties to Western Michigan University's Haworth College of Business, announced it has launched a $50 million investment fund to generate economic, social and educational returns in West Michigan by acquiring small businesses. Dr. Derrick McIver, co-director of the Center for Principled Leadership and Business Strategy, explains the critical issue. "Owners want someone they can trust that lives in the same community. With this fund and an associated training program, we wanted to create a mechanism to generate investment returns and ensure business ownership stays with those who want to create economic prosperity and be good stewards within their community."