The National Association of Investment Companies (NAIC) has announced an agreement with U.S. Bancorp Impact Finance to increase the flow of capital to diverse-owned alternative investment managers. The agreement will provide $100 million in funding to NAIC’s Diversity Capital Fund, which invests in private equity, venture capital, and other alternative investment funds managed by diverse-owned firms.
The agreement is part of U.S. Bancorp Impact Finance’s commitment to increasing access to capital for underserved communities. The company has a long history of supporting minority-owned businesses, and this agreement is a significant step in its efforts to support the growth of diverse-owned alternative investment managers.
What does this mean for you?
If you are a diverse-owned alternative investment manager, you should consider applying for funding from the Diversity Capital Fund. The fund provides capital to a wide range of investment strategies, and it can help you to grow your business and reach new markets.
