Black-owned businesses represent a fast-growing sector of our economy. Between 2019 and 2022 census data shows that Black entrepreneurship rose by 38%. Black founders, however, often face incredible hurdles to secure the funding they need to grow.
There are ways for accredited and non-accredited investors to invest in Black entrepreneurs and help them scale. To learn more about your options, check out the recent U.S. News and World Report article featuring our own Carrie Endries, SVP and Director of Impact Investments – How to Invest in Black-Owned Businesses.
DISCLOSURE: The commentary provided by an employee of Reynders, McVeigh Capital Management, LLC (“RMCM”) in the article referenced above is subject to change and represents the current, good-faith views of RMCM at the time of publication. The commentary is educational in nature. The article references specific RMCM impact investments. While financial performance is a consideration, the goal of these impact investments is at minimum to recycle a client’s impact investment capital in order to prioritize the achievement of a specific environmental or social goal. These references were selected objectively in response to themes of the article. They only represent a selection of our current impact investment recommendations on behalf of our advisory clients, and are not intended to be, and should not be interpreted as, solicitations, recommendations, or investment advice.
The reader should not assume that investments in the impact investments, sectors, and/or manners discussed were or will be profitable. Past performance is not an indication of future results. Certain impact investments are private, non-public offerings that are only available to accredited investors (individuals or business entities that are allowed to trade securities that may not be registered with financial authorities due to their income, net worth, asset size, governance status, or professional experience). Impact investments that are private, non-public offerings may experience greater volatility than traditional investments in publicly traded securities. Investors should carefully review the pertinent documents for each impact investment for a more detailed discussion of the associated risks. Given the high-risk nature of impact investments, investors should contact their investment adviser to discuss risks and suitability prior to investing. Investment decisions should always be made based on an investor’s specific needs, objectives, goals, time horizon, and risk tolerance.
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