MICHIGAN INCOME AND PRINCIPAL-PROTECTED GROWTH FUND, LP

Arctaris launched the Michigan Income and Principal-Protected Growth Fund, LP (the “Michigan Fund”) in 2013 in partnership with the Michigan Economic Development Corporation to provide growth debt to Michigan businesses otherwise underserved by prevailing credit markets. The State of Michigan, through the Michigan Strategic Fund, is one of the Michigan Fund’s key investors and has partnered with Arctaris to increase capital availability and create jobs in the state. Michigan’s investment... comes out of its $79M allocation from the $1.5B State Small Business Credit Initiative, which is managed by the U.S. Department of the Treasury to support lending to small businesses. Arctaris has focused on investing in Michigan since 2009 using its innovative royalty-finance structure to assist businesses with their growth strategy in the state. The Michigan Fund is headquartered in Grosse Pointe.

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