Written by Lynne Marek for Crain’s Chicago Business
The $20 million fund is a rarity: It’s a firm led by a woman in a male-dominated industry.
The firm will invest alongside other investors on a deal-by-deal basis, seeking to capitalize up to $50 million in ownership per deal alongside its partners, Kinzie said in a statement today. It is already targeting some investments in U.S. consumer, manufactured products and business services with a focus on the Midwest, said Suzanne Yoon, the firm’s founder and managing partner. She expects the firm to take control positions with the new fund’s investments and deploy the money within 18 months.
She and her partners raised the fund after creating a track record with three minority ownership investments on their own outside the fund over the past couple years. That work helped them attract the new investors to the fund, building on the experience and contacts Yoon and her team had with prior firms, she said.
Original article found here.