The innovation economy depends on investors who can identify promising new ideas and invest into high potential entrepreneurs. However, emerging fund managers, individuals raising their first investment vehicles, face major headwinds when going to market. The challenge of raising institutional capital for the first time is particularly acute for underrepresented investors. In 2023, women-led venture capital funds represented three percent of venture capital funds raised globally – an increase from 2 percent in 2022, according to data from the Venture Capital Journal. Black employees accounted for 5% of investment professionals in 2022 and Hispanic employees comprised 6% of investment positions in 2022, according to data from NVCA Venture Forward. Public sector, private sector, and nonprofit funders have taken some meaningful steps to address the persistent inequities in the distribution of institution capital for new and underrepresented fund managers.
Our panel of emerging fund managers will discuss new capital pathways for underrepresented fund managers, including the U.S. Treasury State Small Business Credit Initiative (SSBCI), public sector institutional investors, and family office capital sources.
Expanding capital pathways for emerging fund managers
Track
Capital Flows for Impact: Dialogues Around the State of Impact Investment
Format
Panel (3 speakers)
Speakers
- NameJenny Barba
- TitleManaging Partner
- OrganizationFeatures Capital
- NameManan Mehta
- TitleFounding Partner
- OrganizationUnshackled Ventures
- NameDavid Lynn
- TitleCo-Founder and CEO
- OrganizationMission Driven Finance
Description
The innovation economy depends on investors who can identify promising new ideas and invest into high potential entrepreneurs. However, emerging fund managers, individuals raising their first investment vehicles, face major headwinds when going to market. The challenge of raising institutional capital for the first time is particularly acute for underrepresented investors. In 2023, women-led venture capital funds represented three percent of venture capital funds raised globally – an increase from 2 percent in 2022, according to data from the Venture Capital Journal. Black employees accounted for 5% of investment professionals in 2022 and Hispanic employees comprised 6% of investment positions in 2022, according to data from NVCA Venture Forward. Public sector, private sector, and nonprofit funders have taken some meaningful steps to address the persistent inequities in the distribution of institution capital for new and underrepresented fund managers.
Our panel of emerging fund managers will discuss new capital pathways for underrepresented fund managers, including the U.S. Treasury State Small Business Credit Initiative (SSBCI), public sector institutional investors, and family office capital sources.
