Moving towards equitable recovery: the case for Investing in Black and brown fund managers

Even before the catastrophic virus and the heightened national coverage to violence against Black people, the connection between systemic racism and the country’s racial wealth disparities was increasingly documented.  At least 77% of Venture Capital is invested in college-educated, white men, and just 1% of venture-backed founders are Black. Similarly, less than 1.3 percent of the $69.1 trillion in global assets under the four major asset classes–mutual funds, hedge funds, real estate, and private equity – are managed by women and people of color, and just 1% of total assets are managed by Black people

With people of color as the fastest-growing populations in the country, and soon to comprise the New Majority, a significant focus on understanding and solving for the barriers people of color face in accessing capital is paramount.

In a facilitated conversation, the panelists will shed light on the historical causes of today’s racial disparities; highlight the capital approaches and structures that can help increase investments in fund managers of color, and share their perspectives on the role of Black and brown capital decision-makers in disrupting a legacy of neglect, and achieving better outcomes for all people in U.S. cities.

Confirmed Panelists

Demetric Duckett. Managing Director, Capital for the New Majority, Living Cities

Unconfirmed Panelists

Melissa Bradley, Managing Partner, 1863 Ventures

Kimberly Marshall, Launch with GS

Denmark West, Chief Investment Officer, Connectivity Ventures

Monique Woodard, Founder, Cake Ventures

Monique Idlett-Mosley, Managing Partner, Reign Ventures

Supporting Materials

• Radical Collaboration for Black Wealth Creation report
• The Road to zero wealth
• Race influences professional investors’ financial judgments
• Bridging the Divide

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