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HBS Pilots First Impact Investing Fund - MBA - Harvard Business School

This year, HBS piloted its first student-run Impact Investing Fund, focused on investing in BIPOC-led and owned small businesses in the Massachusetts area. Since launching, the fund has raised $200k, completed diligence on eight businesses, and is in the process of executing its first investment. Small businesses are a major growth lever for wealth creation and employment in the United States. Yet, many BIPOC-led and owned businesses currently face systemic barriers to raising capital, includi...
United States Jeff Bussgang Brian Trelstad Emily Mccomb George Riedel Henry Mcgee
Source: hbs.edu

New Commonwealth racial equity fund scores another big donation: $1 million from Robert Kraft

New Commonwealth racial equity fund scores another big donation: $1 million from Robert Kraft By Shirley Leung Globe Columnist,Updated February 2, 2021, 12:01 a.m. Email to a Friend New England Patriots owner Robert Kraft and his family reached out to the New Commonwealth Fund in December; a Zoom conference followed, and then the donation.David L. Ryan/Globe Staff/file The New Commonwealth fund — launched by Black and brown Boston business executives to eliminate systemic racism — has...
United States Devin Mccourty Linda Dorcena Forry Tanisha Sullivan George Floyd Myechia Minter

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Bain Capital kicks in $2.5 million for Foundation for Business Equity

Bain Capital kicks in $2.5 million for Foundation for Business Equity It’s part of a broader effort to address racial inequities in the city By Jon Chesto Globe Staff,Updated January 17, 2021, 4:31 p.m. Email to a Friend Glynn Lloyd is the executive director of the Foundation for Business Equity.Stephen Russell Duncan/Photo courtesy of Foundation for Business Equity Bain Capital’s latest investment doesn’t involve a beaten-down retail chain or a promising biopharmaceutical pionee...
United States Kamaul Reid Glynn Lloyd Foundation For Business Equity Eastern Bank Business Equity

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