A $50 million Kalamazoo-based investment fund plans to leverage its “super strong” pipeline of prospective deals to make several more investments through the end of this year.
That’s according to Dwayne Powell, the managing partner of Kalamazoo Forward Ventures’ Main Street Capital Fund, who said the fund identified prospects despite spending its early months focused primarily on “getting a handle on the business and standing the business up.”
After forming last fall, the fund took time to build internal systems, network, create programming and lay the groundwork, according to Powell.
The Black-founded Kalamazoo Forward Ventures “will be focused on investing in the community, partnering with different organizations, and really creating an opportunity for the community to be much more involved in our investment,” he said…