The Michigan Small Emerging Manager Program is seeking opportunities nationally, with an emphasis on Michigan based investment opportunities.

Asset Classes: Private Equity, Growth Equity, Venture Capital, Credit, Real Return

Small Manager Definition 

SMRS typically defines small/emerging managers as those firms with the following parameters:

• Assets Under Management: Firms that manage less than $3 billion
• Target Fund Size: Preference for Funds less than $1 billion
• Generation: Fourth generation or earlier institutional funds

Manager Criteria

The program targets managers with, but not limited to, the following attributes:

• Attributable track record within target strategy
• Investment teams with history of working together
• Principals known in the investment community and are positively referenceable
• Availability of co-investment opportunities
• Strategic alignment of interests
• Headquartered, or with material business operations in Michigan

Investment Focus

The program includes the following types of investments:

• Fund commitments
• Co-investments
• Secondaries
• Primarily U.S. based Investment strategies
• Nexus to Michigan