Hearty congratulations to New Majority Capital, Fund I on their first close today, on Juneteenth. "I am so proud to announce the first close of NMC Fund I with our partners at the Skoll Foundation. This milestone is a testament to the opportunity to build wealth through small business asset ownership."- Havell Rodrigues, CEO & Managing Partner of New Majority Capital. "Truly inclusive entrepreneurship ensures that all individuals have the opportunity to own the businesses in which they work. Asset ownership is key to wealth-building opportunities, but it remains systematically out of reach for many workers in the U.S. NMC is reducing barriers to business ownership with an equity-centered, non-extractive approach that generates impact at multiple levels—from business owners and employees to the communities they serve." - Liz Diebold, Skoll Foundation NMC Fund I is a deeply innovative and intentional financial vehicle focused on closing persistent wealth gaps, spearheaded by an incredibly thoughtful, impact-driven team: Havell Rodrigues, Allegra Stennett, Kris Schumacher, and Darryl Lindie. I highly encourage interested LPs to get in touch with them! Sincere thanks to the collaboration between so many to get to today! Brendan Wilson Aaron Bourke Chintan Panchal Liz Diebold Zoe G.
They have a wonderful team with Havell Rodrigues and Allegra Stennett! This is awesome!
Director, Head of Impact Investment Strategies at MetLife Investment Management
1moCongratulations on the first closing!