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Investment firm creates $130M private equity fund

February 29, 2016
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There’s a new private equity fund in town, with support from four investors.

Ottawa Avenue Private Capital LLC, a Grand Rapids-based investment firm, has formed a roughly $130.1-million private equity fund.

The fund

The newly established fund known as Ottawa Avenue Fund 2016 LP is considered a pooled investment private equity fund backed by four unnamed investors, according to a Feb. 9 U.S. Securities and Exchange Commission exemption filing.

Ottawa Avenue Fund 2016 LP is based at the same location in Grand Rapids as Ottawa Avenue Private Capital LLC, at 126 Ottawa Ave. NW, Suite 500.

Jerry Tubergen is listed as the president and CEO, while Robert Schierbeek is serving as the COO and treasurer, according to filing.

The LLC

Ottawa Avenue Private Capital LLC is a privately held portfolio management advisory company registered with the SEC and state securities authorities.

The firm has about 23 employees, with nearly 17 team members performing investment advisory roles, according to a Dec. 24, 2015 SEC Form ADV filing.

Ottawa Avenue Private Capital works with high-net-worth individual clients and charitable organizations and manages nearly $4.69 billion in assets for about 75 accounts. 

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