MB/PE/VC  Charter Capital Partners


     Office Locations:

140 Monroe Center NW, Suite 300
Grand Rapids, MI 49503
Phone: 616-235-3555



  • Early
  • Middle Market



  • Defense & Homeland Security
  • Energy & Clean Tech
  • Food & Agriculture
  • Information Technology
  • Life Sciences & Healthcare
  • Manufacturing & Industrial



    Charter Capital Partners, founded in 1989, is an investment banking firm serving the lower middle market. Michigan. Charter Private Capital Management is a Registered Investment Adviser, and manages venture capital and other privately invested funds. In addition, Charter invests directly into companies through the use of Special Purpose Entities (SPEs). Since 2007, Charter has invested more than $20 million via the establishment of 11 different SPEs. The firm manages Michigan Accelerator Fund I (MAF-1), an investment partnership. The purpose of the fund is to drive forward the new economy of Michigan, providing a path to funding and partnerships for the commercialization of new regionally developed opportunities. The Fund will invest in early stage companies that fall into one of the six target sectors: life sciences technology; advanced manufacturing; homeland security; alternative energy technology; information technology; and agriculture. Companies must be based in Michigan. The Fund will focus on seed and early stage venture capital investments in life science technology companies. The fund size is $15.1 million, with $6 million awarded to the Fund via the Michigan Economic Development Corporation, and $9 million targeted to come from local investors including universities, foundations, and private investors. The Fund is sponsored and supported by leading West Michigan investors, research organizations and socio-economic stakeholders including Van Andel Research Institute, Hope River Ventures, West Michigan Science & Technology Initiative, Grand Angels, Grand Valley State University, Michigan State University, The Right Place Program, and Lakeshore Advantage. The Charter Growth Capital Fund is a targeted $100 million fund that invests junior capital in lower middle market companies in the Great Lakes region to support growth or succession.



      Fund Name



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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
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    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

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Dale Grogan Managing Director
    Debbie Kolar Partner and Chief Operating Officer
    Elisa Berger Vice President
    John Kerschen President and Managing Partner


    Portfolio companies include:

      Ablative Solutions

      All Star Driver Education
        web link

        web link

      Grand River Aseptic Manufacturing
        web link

      Intervention Insights

      Keystone Solutions Group
        web link

      Metabolic Solutions Development
        web link

      Rim Guard
        web link

      Swift Biosciences
        web link

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