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Office Locations:
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171 Monroe Avenue, Suite 410
Grand Rapids, MI 49503
Phone: 616-325-2100
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Information Technology
Life Sciences & Healthcare
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42 North Partners is a single-family office founded by Mike and Sue Jandernoa located in Grand Rapids, Michigan. From 1991 to 2003, Jandernoa served as chairman of the board of Perrigo. Jandernoa retired as CEO of Perrigo in 2000 and from the board in 2017. During his time at the helm, Mr. Jandernoa took Perrigo from a privately held $30 million company to a $2.5 billion publicly-traded firm. 42 North Partners invests in businesses in the Midwest. The firm also makes investments in funds. The firm is a lead investor and Board member of Hopen Life Science Fund. Following his tenure at Perrigo, Mr. Jandernoa founded Jandernoa Entrepreneurial Mentoring, a Grand Rapids-based company that provides mentors to assist entrepreneurs in growing their companies. He is also a co-founder of Bridge Street Capital Partners, also in Grand Rapids, which provides strategic planning, mentoring management, and sourcing appropriate forms of capital, and he is a founder and board member of the West Michigan-based Grand Angels.
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Investment Firm Key
VC = Venture Capital
PE = Private Equity
A = Angel
I = Incubator
MB = Merchant Bank
VD = Venture Debt
FI = Family Investment Office
FOF = Fund of Funds
ED = Economic Development Office
TT = Technology Transfer Office
CVC = Corporate Venture Capital
SEC = Secondary Purchaser
HF = Hedge Fund/Mutual Fund
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COMPANY STAGE | REVENUE |
Venture Capital | |
Seed Stage (includes "pre-seed," or concept stage) | No Revenue |
Early Stage | Minimal Revenue |
Growth Stage (also called Mid-stage) | $2M-$7M |
Expansion Stage (also called Late-stage) | $7M and greater |
Private Equity | |
Lower Middle Market | $10M-$249M |
Middle Market | $250M-$499M |
Upper Middle Market | $500M-$1B |
Large Cap | >$1B |
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