PassionIT News

Black venture capital and growth investors have a much harder time getting funding than white investors, because—despite efforts to bring more racial diversity to financial services—private equity’s gatekeepers remain mostly white, according to new research.

Very few of the private equity funds that fund young businesses are owned by Black or Hispanic founders and partners, traditionally the most likely source of capital for minority business ventures, says Josh Lerner, the Jacob H. Schiff Professor of Investment Banking at Harvard Business School.

https://hbswk.hbs.edu/item/the-color-of-private-equity-quantifying-the-bias-black-investors-face