Mequon-based Capital Midwest Fund, which is operated by father and son Daniel and Stephen Einhorn, has added capital markets veteran Michael Harper as a partner.
Harper is a former chairperson of the Milwaukee County Employees Retirement System Pension Board, and during his five years as a trustee, served on the Investment Committee and as Audit Committee chairperson.
CMF is on its fourth fund, which has a fundraise target of $150 million. The fund targets Midwest startups with a focus on business-to-business technology solutions and also has a specific interest in industrial, manufacturing and healthcare markets.
As partner, Harper will help lead investments for the fund, which invests in software-as-a-service and Internet of Things companies across industries ranging from energy to manufacturing.
"Capital Midwest Fund is a growing firm with a strong portfolio,” Harper said in a statement. “My professional training and experience in the areas of financial services, environmental, social, governance, risk management, as well as sustainable development projects, align with the firm's growth strategy.”
Prior to joining CMF, Harper spent 13 years as operator and partner of Urban Clean Energy Ventures (d.b.a. M2R Electric Services) focusing on clean energy technology and energy efficiency.
His previous experiences includes membership to the American Stock Exchange, Chicago Stock Exchange, and Chicago Board Options Exchange, where Harper worked as a market maker and trader in exchange traded fund products and S&P 100 and 500 options contracts.
Daniel Einhorn says Harper “brings a wealth of due diligence, investment and management knowledge to the team.”
“This additional depth is important for the success of CMF IV," Daniel Einhorn, CMF partner and co-founder, said in a statement.
CMF has 18 portfolio companies including Milwaukee-based OnKol, a startup whose product connects elderly and those with special needs to their family and caregivers, as well as Milwaukee-based Steamchain, which developed a machine-as-a-service platform that enables original equipment manufacturers to offer usage-based financing for their customers.
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