Investment generated over 10 jobs in Michigan and strong return for investors.

Detroit, Michigan2017– ArctarisMichigan Partners, LLC (“Arctaris”), a middle market debt firm, is pleased to announce the successful exit of its debt investment in Moguldom Media, Inc.  (“MMG” or the “Company”) upon the the execution of MMG’s asset sale to Urban One, Inc.

MMG owned and operated websites focused on African American (“AA”) readership, including madamenoire.com, mommynoire.com, and bossip.com.  Based on page visits and unique users, the Company is a leading AA publisher of digital content. Moguldom has a track record of delivering AA consumers to brands at scale and derives its revenue primarily from online advertising.

Founded in 2006, the Company had operations in New York, Atlanta, Miami and Los Angeles.  Arctaris’  debt investment enabled the Company’s expansion into the Detroit market to strategically target auto industry advertising dollars and to develop local proprietary media content.

Jonathan Tower, Managing Partner of Arctaris, stated, “Moguldom is the second debt investment from Arctaris’ Michigan Fund.  We are pleased that our first exit from this fund sets the bar of delivering double bottom line for our private and public investors.  Moguldom impacted Detroit’s economy through direct and and indirect jobs, while providing a significant return on investment from the acceleration of the royalty PIK interest at payoff.”

arctarisArctaris Michigan Partners: Arctaris launched the Michigan Income and Principal-Protected Growth Fund, LP (the “Michigan Fund”) in 2013 in partnership with the Michigan Economic Development Corporation to provide growth debt to Michigan businesses otherwise underserved by prevailing credit markets. The State of Michigan, through the Michigan Strategic Fund, is one of the Michigan Fund’s key investors and has partnered with Arctaris to increase capital availability and create jobs in the state. Michigan’s investment comes out of its $79M allocation from the $1.5B State Small Business Credit Initiative, which is managed by the U.S. Department of the Treasury to support lending to small businesses.

For more information, please e-mail: info@arctarismichigan.com