As recently reported in the Star Tribune, Traction Capital, a Minneapolis based hybrid private equity and venture capital firm, announced the launch of the first of its Focus Funds dedicated to making investments in, or acquisitions of, early stage and lower middle market companies that are stuck in the “capital gap.” The fund, with $15 million targeted and $5 million already committed, will invest in high potential businesses with a focus on promising companies that are owned and operated in Minnesota.