John Engler as Michigan's governor in 2002. (Photo courtesy: Associated Press)
GRAND RAPIDS (WZZM) -- A former three-term governor of Michigan will lead a private investment firm advisory board based in Grand Rapids.
Former Governor John Engler teamed up with Meijer executive Mark A. Murray and industry leaders Mary Petrovich and David L. Porteous to create the Michigan Prosperity Fund advisory board, in partnership with Grand Rapids-based Blackford Capital.
"We are honored to have these four proven leaders launching the advisory board of the Michigan Prosperity Fund," said Martin Stein, founder and managing partner of Blackford Capital. "All have strong ties to Michigan and have a vested interest in seeing the Fund support the state's economy through protecting and generating jobs by investing local money in Michigan companies."
Engler is chairman of the advisory board.
"I am excited to help the Blackford team and the owners of Michigan companies provide solutions to both job creation and preservation and the potential it has to be a model nationally," he said.
According to the Private Equity Growth Council, private equity investors put $9.6 billion into 50 deals in Michigan last year.