Illumen Capital and Its Impactful DEI Fund of Funds
Illumen Capital Raises $32.75 Million for Catalyst Fund
In an exciting development in the world of impact investing, Illumen Capital has announced the launch of its newly formed Catalyst Fund, which successfully raised $32.75 million. This initiative serves as a DEI fund of funds, aiming to support underrepresented fund managers and founders.
Focus on Addressing Racial Bias in Investing
The firm emphasizes the importance of addressing racial bias in the investment ecosystem. By backing diverse fund managers, Illumen Capital is setting a precedent for inclusive investment practices.
Conclusion: A Step Towards Inclusive Investing
The launch of the Catalyst Fund reflects a growing recognition of the need for diversity and inclusion in the investment landscape. This significant increase in funding signals Illumen Capital's commitment to creating equitable opportunities for those historically marginalized in finance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.