Network of Untapped Entrepreneurs
In 2016, the median net worth of the average White household was $171,000 - approximately ten times the net worth of the average Black household ($17,100).
In 2020, the Latino population represented 18.7% of the US population (Source: US Census data), yet in 2019 the median wealth of Latino households was only 9% of white households ($14,000 compared to $160,2000) (NCRC).
This wealth gap contributes to intergenerational economic instability: almost 70% of middle-class Black children are likely to fall below the middle class as adults.
This means that Latinos are generally not able to build generational wealth. In 2019, only 5% of Latinos reported receiving monetary or estate inheritance, compared with 26% of non-Hispanic whites receiving inheritance. (NCRC)
Our network includes a diverse group of iconic athletes, corporate executives, academics, subject matter experts, and seasoned investment managers with strong track records of managing and advising some of the world’s largest asset management firms such as BlackRock, Bridgewater, and Mubadala.
Public-Purpose Private Capital Markets (PPPCMs) are offered as a means of expanding equality through catalytic financial structures such as “Public-Purpose Private Equity Funds”. Public-Purpose Private Capital Markets are defined as a hybrid between Public-Private Partnerships and Impact Investing that utilizes the merging of strategies, resources, methods, and research from the public, private, and philanthropic sectors for the greater good.
Investing in underestimated founders is more than good business sense, it’s a deeply held conviction that these business owners are the economic growth engine for our communities. We have a commitment to increasing the number of entrepreneurs of color participating in the innovation economy as owners, board members, suppliers, and investors.
How legendary Professional Athletes are using Innovation, Investment, and “Influential Capital” to Impact People, Communities and the Planet.
The Aspen Institute honored Julius Erving with the Citizen Leadership Award for his lifetime of achievement in basketball, sports and society.
Dikembe Mutombo discusses his dedication to improving the lives of people in his native Congo and the importance of inspiring other athletes to give back.
Robert Smith, Founder & Managing Partner of the NUE Initiative interviews media mogul Byron Allen at the 2nd annual Greenwich Economic Forum
We are thought leaders who provide insights that lead to innovative, best-in-class programming. We advise and mentor entrepreneurs for greater success.