"During terms of economic uncertainty, political polarization, and concerns of ongoing inflation, we've seen biases increase... where billions of capital are still going to the same people."
"Whereas our Fund I and Fund II focused on more established managers, the Catalyst Fund prioritizes first-time managers and early-stage founders."
"The firm has approximately $285 million in assets under management... It last raised a $168 million Fund II in 2023 to also address racial and gender bias in investing."
"We were fortunate enough to have established deep relationships with limited partners that are committed to backing the next generation of VC and PE managers."
#impact-investment #diversity-in-funding #venture-capital #underrepresented-communities #economic-support
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