Grand Angels create new fund to invest alongside members

West Michigan angel group Grand Angels announces the creation of Grand Angels Co-Investment Fund I, a “sidecar” fund which Grand Angels Company, LLC will manage.  The fund, whose investors include members and non-members of Grand Angels, will invest a small amount in most of the deals in which Grand Angels members invest.  Grand Angels President Jody Vanderwel says the fund will make more capital available for most Grand Angel deals and provide more diversification for members than they get by selecting their own deals, as well as provide an angel asset class investment opportunity for people who do not have the time or inclination to be active angels. Warner, Norcross & Judd, the Hylant Group, and Korte Consulting assisted the Grand Angels in establishing the new fund.