The Randi Myles Show/Canva.com
Ariel Investments, the first black-owned mutual fund firm in the nation, announced the launch of Ariel Alternatives and the Project Black initiative.
Ariel Investments co-CEO Mellody Hobson and global investment manager Leslie A Brun, secured $200-million to invest in minority-owned businesses in an effort to close the racial wealth gap.
First Black-Owned Mutual Fund Secures $200 Million to Launch ‘Project Black’ https://t.co/gY7UMpF5Tb
— Black Enterprise (@blackenterprise) February 21, 2021
Project Black‘s goal is to invest and scale minority-owned businesses that can become “leading suppliers to Fortune 500 companies.” (Source: BlackEnterprise.com)