A2: Business

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Several media outlets report that Business Leaders for Michigan has raised $50 million for its Renaissance Venture Capital Fund. The Renaissance Fund, led by Chris Rizik of Ann Arbor, invests in other venture capital funds that then intend to invest in Michigan businesses. To this point, the fund has invested in Ann Arbor’s Arboretum Ventures and RPM Ventures and four other venture capital funds, according to a report in the Detroit Free Press. Among the Michigan companies benefiting from the funds are Ann Arbor’s Accuri Cytometers, Histosonics, and Swift Biosciences. [Source]