Michigan Capital Network Expands Leadership Team 

Grand Rapids, Mich. (June 26, 2023) – Michigan Capital Network (MCN), the state’s largest association
of regional angel investing groups and the management entity for four venture capital funds, announced
today it has named Abid Ali as a principal with the investment organization.
Abid first joined MCN as an analyst in 2022 while obtaining his MBA from the University of Michigan’s
Stephen M. Ross School of Business. Before joining MCN Ventures, he was a private equity investment
professional at Finback Partners. During that time, he evaluated and conducted due diligence on midmarket
buy-out opportunities and was involved in fundraising activities. Prior to working at Finback, he
was a specialist consultant at PricewaterhouseCoopers (PwC), focused on fixed-income asset
management clients. He has also served as a banker at Bank of America Merrill Lynch. Abid is originally
from Pakistan but spent most of his life in Miami, Charlotte, and New York. Outside work, he is passionate
about vintage cars, basketball, sneakers, and being a dog dad.
“There is an immense opportunity in the Midwest and beyond to reduce the capital and knowledge gap in
the entrepreneurial eco-system,” said Mr. Ali. “I am excited to join MCN Ventures full-time and use my
investing experience to serve our investors, members, and portfolio companies.”
In his new role, Ali will be working with the executive team members in identifying quality opportunities for
MCN’s venture capital fund investors. He will conduct due diligence of target companies, and help
manage portfolio companies alongside CEO and Managing Director Paul D’Amato, Managing Partners
Dale Grogan and Jody Vanderwel, and fellow principal, Meagan Malm.
“Abid brings a strong background in private equity and financial modeling to the MCN Ventures team,”
said Paul D’Amato. “His past work in asset management and banking will be especially important as we
pursue investment opportunities for our investors. I am thrilled Abid has joined our growing team at
MCN.”
MCN’s five regional angel investment groups total more than 200 individual investors or members.
Between the angel groups and the four venture capital funds, MCN has invested in more than 100
companies, creating more than 2,000 high-paying tech industry jobs in Michigan.
Click here to learn more about Michigan Capital Network and its portfolio of investments.