Miller Canfield Represents Plymouth Venture Partners II, L.P. in First Close
The law firm of Miller Canfield announces that it represented Ann Arbor, Mich.-based venture capital firm Plymouth Management Company in the formation and approximately $16 million first close of its second Fund: Plymouth Venture Partners II, L.P. (PVP II).
The Plymouth Venture Partners team was led by Miller Canfield business and finance attorney and principal, Jeffrey LaBine (Ann Arbor, Mich. office).
“We are please to have played a part in Plymouth Management Company’s continued success in advancing capital availability and funding opportunities for growth-stage companies in Southeast Michigan and Northwest Ohio,” said LaBine.
Mark Horne, Managing Partner of PVP II added, “The region is under-served in investment capital. We’re focusing on the numerous exciting opportunities in our own back yard.” Horne expects to make a total of 20 investments in PVP II and plans to make two to four of those in 2010.
About Plymouth Venture Partners II, L.P.
Plymouth Venture Partner II L.P. is a general-purpose venture capital firm, financing and adding value to growth stage companies in Michigan and the Great Lakes region. PVP II’s objective is to realize superior returns through the long term appreciation of investments. PVP II generally invests in revenue producing companies with the potential for significant growth through a defined, catalytic event whose achievement will be financed, at least in part, by PVP II. PVP II currently has approximately $16 million under management and expects to raise approximately $30 million by its second close.