Venture Capital Firm Seeking To Cure Lack of Capital For Diverse Entrepreneurs Fulfills Dreams
WASHINGTON, Oct. 23, 2023 /PRNewswire-PRWeb/ -- Recent attacks on venture funds and philanthropists seeking to create more diverse women and minority entrepreneurs, such as the Fearless Fund lawsuit (https://www.ajc.com/news/business/breaking-appeals-court-pauses-atlanta-...), may find support in a recent announcement.
- "We've been at the forefront of breaking down barriers in bias, racism, and prejudice in access to capital for years...".
- "Unfortunately, less than 1% of all private equity assets under management focused on small business buyout", Eric Taylor, CEO Trident."
- With support from JP Morgan Chase, Trident, a buyout firm, the Trident American Dreams Fellowship is a philanthropic effort to advance wealth creation for minority professionals, independent sponsors, and operating partners (or ISOPs).
- Diamond Ventures ( http://www.dvfcap.com ) operates to provide capital formation and financial advisory services to socially economic, disadvantaged, and underserved firms.