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The NAACPannounced todayNAACP Capital , a $ 200 million store of funds to back fund managers focused on issues that touch on multitude of colour .
The store was conceived in partnership with Kapor Capital and Kapor Center , along with nine other speculation fund managers . Last year , Crunchbase detect that Black founder raised less than 1 % of all venture Washington funds and that the grouping has raised 0.3 % in the first one-half of this year .
A fund of funds is when an investor invests in multiple speculation funds , rather than make individual investments in funds , or even in startups . It ’s a democratic way for an influential investor to put their money to the broad possible usance . Kapor is a VC house that has always been concentre on racial justice investing . But other big names have used a like approach . Melinda Gates ’ Pivotal Ventures , for example , invests in adult female - led funds , as well as directly in startup .
