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Mission Statement
Investment Objectives
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ABOUT 21st CENTURY FUND

Investment Objectives

The investment objectives of the Program include the following:

  • Target a superior internal rate of return on private equity, mezzanine and venture capital investments while contributing to economic diversification and job creation in the State of Michigan;
  • Strengthen and diversify Michigan's economic base by investing in Michigan intended to foster the creation and growth of new jobs, new businesses, and new industries within the State;
  • Promote the retention of businesses and jobs through investing in Michigan-based businesses;
  • Encourage the development and commercialization of competitive edge technologies by supporting Michigan-based businesses;
  • Encourage the development and growth of a Michigan-based venture capital, private equity and mezzanine investing community by seeking investments in Michigan based business;
  • Help facilitate the transfer of technologies from the State of Michigan's various universities and research institutions to the private sector;
  • Seek to attract investments from both regional and national private equity, mezzanine and venture capital funds; and
  • Encourage public and private partnerships within the State of Michigan.