The Local Fund

Permanent capital for the businesses that anchor our region.

We buy and hold profitable local companies through ownership transitions, so they stay owned and run here.

The Problem

A generation of owners is retiring.

Across our five-county region — St. Joseph, Elkhart, and Marshall in Indiana, and Berrien and Cass in Michigan — most private business revenue runs through companies whose owners are over 55. When those owners sell, the buyer is increasingly from outside the region, and ownership, profits, and decisions leave with them.

The Fund

We buy good businesses, hold them, and grow them.

The Local Fund buys profitable, established local businesses and holds them for the long term. No fund clock, no forced sale. As owners step back, ownership, jobs, and decisions stay in the region.

What We Look For

Enduring, profitable, locally-rooted businesses.

We look for what are sometimes called hidden champions: quiet, essential, business-to-business companies that do something specialized their customers can’t easily do without.

The Profile
  • Niche but necessary — hard to replace, easy to overlook
  • Enterprise value of $3M to $100M
  • 15+ years old, with a history of profitability and steady cash flow
  • Headquartered here, with customers well beyond the region
  • A defensible position built on regulation, specialization, or logistics
  • An owner thinking about a transition
Where We Focus
  • Specialty manufacturing
  • Industrial and specialty distribution
  • Equipment repair and calibration
  • Environmental and technical services
  • Compliance-related services
How We Invest

Two ways we keep ownership local.

Anchor Holdings

Permanent equity in established, durable businesses. We buy to hold and grow, with no exit pressure and no fund timeline.

Entrepreneurship Through Acquisition

Backing proven local operators to acquire and run smaller businesses, where a capable new owner is the right answer to a succession.

Our Approach

How the Local Fund differs from traditional private equity.

Traditional private equity
The Local Fund
Holds for three to seven years
Holds indefinitely
Built to maximize value for a sale
Built for resilience and longevity
The return comes from the exit
The return comes from holding and long-term appreciation
Standardized across geographies
Tailored to each local business
Get in Touch

Let’s talk.

Whether you’re an owner weighing what comes next, or someone who wants to see local capital stay local, we’d welcome a conversation.

Start a conversation