Private equity has long been criticized for its lack of diversity, with people of color being underrepresented in the industry. However, A&H, a private equity firm, is aiming to change that by promoting diversity through fundraising focused on people of color.
A&H was founded in 2019 by two African American women, Ashley Allen and Ashley Hicks. The firm’s mission is to invest in companies that are owned or led by people of color, women, and members of the LGBTQ+ community. A&H believes that diversity is not only the right thing to do but also a smart business decision.
According to a study by McKinsey & Company, companies with diverse leadership teams are more likely to outperform their peers. A&H recognizes this and believes that investing in diverse companies will lead to better returns for their investors.
To achieve their mission, A&H has launched a fundraising campaign focused on people of color. The firm is targeting individuals and institutions that are interested in investing in diverse companies. A&H’s fundraising efforts have already attracted attention from major players in the industry, including Goldman Sachs and JPMorgan Chase.
A&H’s fundraising campaign is not only about raising money but also about raising awareness. The firm wants to educate investors about the benefits of investing in diverse companies and the importance of promoting diversity in the private equity industry.
A&H’s efforts are part of a larger movement towards promoting diversity in the private equity industry. In recent years, there has been a growing recognition of the need for more diversity in the industry. Many firms have launched initiatives aimed at increasing diversity, including hiring more people of color and women and investing in diverse companies.
However, there is still a long way to go. According to a report by the National Association of Investment Companies, only 1% of private equity firms are owned by people of color. A&H’s fundraising campaign is a step towards changing this.
In conclusion, A&H’s fundraising campaign focused on people of color is an important step towards promoting diversity in the private equity industry. The firm’s mission to invest in diverse companies not only aligns with their values but also makes good business sense. A&H’s efforts are part of a larger movement towards promoting diversity in the industry, and it is hoped that more firms will follow their lead.
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