Venture Capital

Mercury Fund climbed to No. 2 on the list, up from No. 3 in 2023, though it remained consistent with $750 million in AUM. Beringea, a Farmington Hills-based firm, saw a 17% decrease in its AUM, from $850 million in 2023 to $705 million in 2024.Of the Ann Arbor firms, many focus on health care and technology, like Arboretum Ventures, the largest firm on the list. It’s managed by Managing Partners Jan Garfinkle, Tom Shehab and Dan Kidle with six funds and nine Michigan investment professionals on its team.Venture Investors...