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Largest Minority-Owned Financial Firm and Microsoft Launch $250M Fund For Minority Businesses

More and more companies are putting their heads together to find effective ways to fully support minority founders and entrepreneurs amid the widespread protests of systemic racism across all industries. Investment firm Siebert Williams Shank and software giant Microsoft have decided to partner to launch the Clear Vision Impact Fund L.L.C. for small businesses, with an initial $25 million seed investment from the latter, Forbes reports . “This is just the first step  to building a more  diverse and equitable  playing field and we look forward to the opportunities that this investment will help create,” Microsoft CIO Tahreem Kampton said in a press release announcing the fund’s launch. The newly-launched joint fund has a target size of $250 million total, according to Black Enterprise , and aims to invest both growth and operating capital in small and medium-sized businesses, with a focus on minority-owned businesses to emphasize social impact. “We are extremely pleased to have...

Aug 18, 2020