Full-time MBA students piloted the first-ever student-run impact investing fund at Harvard Business School last year. The fund, which has raised $200,000 since launching, will invest in BIPOC (Black, Indigenous, and People of Color)-led businesses in Massachusetts.
HBS students running the fund conducted due diligence on eight businesses, and are in the process of making the first investment.
“To address growing inequality, the fund aims to invest patient and flexible growth capital with the intent of scaling BIPOC-led and owned small businesses,” members of the fund wrote in a recent blog post. “The team believes that HBS students are uniquely positioned to support these kinds of investments, which typically have smaller ticket sizes, because they can bring down the high transaction costs that typically deter other funds. At the same time, students get a valuable learning experience which prepares them for careers in impact investing.”[…]
Fuente: Poets and Quants