Author: kassiewillingham

Bank of America announced today it has increased its target for equity investment in minority focused funds from $200 million to $350 million. In less than a year, the company has committed more than $250 million to 90 investment funds across the U.S. These funds provide capital to Black, Hispanic-Latino, Asian, Native American, other under-represented minority and women entrepreneurs to help them establish and grow their businesses. Today’s announcement articulates the need for more capital in funds led by diverse managers as well as the need for more growth equity funding for the minority entrepreneurs they support.   Bank of America ... Read more