Venture capitalists seek regional opportunities
The Ohio-Midwest Fund has invested $40 million in Ohio companies that has impacted 1,375 jobs in the state through venture capital investments.
However, none of that capital was invested in Toledo, but the Ohio-Midwest Fund is currently exploring opportunities in Toledo, said Mel Carter, in-state investment specialist for Credit Suisse's Customized Fund Investment Group, which manages the Ohio-Midwest Fund.
We want to bring this capital to Toledo and the university, said Steven Weathers, president and CEO of the Regional Growth Partnership.
The Ohio-Midwest Fund is the $51 million regional investment program of the Ohio Public Employees Retirement System. The fund is invested in eight private equity funds, all of which have strong ties to Ohio, but none directly to Toledo.
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