Capital
Civil Rights Leader NAACP Dives Into Investing With New Fund
- Fund will focus on closing gaps for communities of color
- Founders from underrepresented groups face steep barriers
NAACP President and CEO Derrick Johnson
Photographer: Al Drago/BloombergThis article is for subscribers only.
The NAACP, the country’s biggest civil rights organization, is entering the investment world with a new impact fund that will focus on overlooked communities.
The 115-year-old group is looking to raise $200 million to invest in fund managers and startups “focused on closing gaps facing communities of color,” according to a statement Friday.