Since launching in July 2019, the Charter Growth Capital Fund has made five investments and raised $31 million to make minority investments in growing, middle-market companies that need growth capital. Since launching in July 2019, the Charter Growth Capital Fund has made five investments and raised $31 million to make minority investments in growing, middle-market companies that need growth capital. The investments and activity to date validates John Kerschen’s view that there was an existing market gap and need for a new mezzanine fund in Michigan that targets the lower end of the middle market.