Detroit Renaissance, a private, non-profit leadership organization dedicated to accelerating the region’s economic growth, announced this week it has hired Christopher Rizik as CEO and fund manager of its new Renaissance Venture Fund.

The fund is structured as a “Fund of Funds” to help expand the region’s entrepreneurial capacity by investing in venture capital funds doing business in southeast Michigan. As such, funding to early and mid-stage growth-oriented companies will be significantly expanded.

The fund has raised $57 million to date, with a goal of $100 million.

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