Eliane Chavagnon
Reporter
29 May 2012
Daily News Analysis
The MMI fund was launched in 1996 with backing from Dyson and Lifflander, as well as “friends and family” money.
In 2002, Millbrook began accepting capital from outside investors, reportedly peaking at around $700 million before the financial crisis; it generated a 20 to 25 per cent average annual return, including 80 per cent in 2009 by taking minority stakes in small- and mid-size companies.
Despite MMI contending with “a fair amount of withdrawals” during the financial crisis, the fund continued to prosper.
Dyson’s other business interests include DKM, a private equity firm founded by his father, Charles Dyson, and Millbrook Winery in New York’s Hudson Valley region.
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