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Forefront 2018 – Issue 1
There are many changes in the capital industry taking place. We have seen unregulated “shadow” bankers start to take the place of financial institutions in providing lending to businesses. Some believe that private equity is a mature industry as there are fewer entrants into the arena. Our president is trying to drive more U.S. foreign capital back into the U.S. with a favorable tax policy. The U.S. is trying to remove the over burdening regulation that makes our financial institutions uncompetitive. This issue of Forefront is dedicated to the capital opportunities for small and closely held businesses present by Grow Michigan. Grow Michigan is a second lien lender with favorable terms to provide gap capital required for loan transactions not able to be provided by ownership or banks. This Fund, comprised of sixteen financial institutions with investment from the Michigan Strategic Fund, is designed to grow Michigan jobs and Michigan businesses. We are proud to have the opportunity to directly administer this tremendous resource to Michigan entrepreneurs.