November 20, 2024
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NAACP Launches Innovative $200 Million Fund of Funds to Transform the Venture Capital Landscape
Recently, during a dealmaking summit for investors, venture capitalists, and entrepreneurs in New York City, the NAACP, the nation's largest civil rights organization, announced the launch of NAACP Capital, a fund of funds that will invest in fund managers and startups that are focused on closing gaps facing communities of color. The fund, which seeks to raise $200 million, was conceptualized in partnership with Kapor Capital and Kapor Center, along with a team of nine venture fund managers.