We provide equity investments and management support to folks who want to acquire and run existing small businesses. We believe this is a sustainable path to reduce wealth disparities in our society and is a path that can naturally lead us to an evolving ecosystem that has a lasting impact on our communities.
Purpose
Our goal is to close the wealth gap by making small business “asset” ownership available to folks from under-served communities.
We believe it is vital to state clearly to the world the set of our beliefs about Inclusive Capitalism. As such, we start with our Statement of Guiding Principles for Inclusive Capitalism. Knowing that words alone are not enough, each of us is making a series of commitments about how we will operate our institutions so that they help achieve Inclusive Capitalism. These commitments are forward-looking statements based on current goals, expectations and assumptions, which are not guarantees of future performance. For more information, please refer to our Terms of Use
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Summary
We are focused on closing the racial wealth gap by providing resources and capital to under-represented entrepreneurs to acquire existing small businesses. We plan to initially support at least 30 under-represented entrepreneurs over a 5 year period.
Activities & Initiatives
Our commitment is to "Prosperity (Employment and Wealth Generation" and People (Dignity and Equality), aligned with SDG 10. At New Majority Capital, we are focused on closing the racial and gender wealth gap by providing resources and capital to BIPOC and Women entrepreneurs to enable them to own small business "assets" as a way to generate inter-generational wealth. We then focus on making these entrepreneurs LPs in a pay it forward evergreen fund.
Measures & Targets
We plan to initially support at least 30 under-represented entrepreneurs become small business owners over a 5 year period.
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Recognizing it will take alignment of all our organizations to scale impact globally, we invite you to join the movement as a Steward of Inclusive Capitalism. Together, the collective action of Council members will contribute to a fairer, more inclusive and sustainable future for all people and our planet.
