Private equity is associated with making the wealthy wealthier. Generally perceived as out of reach to the average person, these funds buy and restructure companies that are not publicly traded. They open up capital to businesses and give investors access to assets they otherwise could not reach. In a world where we are more aware than ever of inequity, private equity funds have come under fire for perpetuating these disparities, opening these opportunities to select communities and thereby exacerbating structural racism. A small group of funds and investors are working to change this narrative and use their resources to open up capital to businesses and organizations in underserved communities.
Cintra Pollack, investment and foundation manager, moderated a discussion with Ben Carson Jr., Co-Founder and Partner at Interprise Partners and Henry Childs, II, Founder and CEO at Minority Wealth Commission on how they are leveraging private capital to invest in underserved communities.