In 2018, Harlem Capital launched a $25 million fundraise aimed at backing 1,000 diverse founders over the next two decades. Now Harlem Capital is expanding its ambitions by partnering with one of the world's biggest and most storied private equity firms to increase diversity in the world of alternative investments. The partnership will focus on Harlem Capital applicants who are interested in careers in investment management, potentially matching them with opportunities across KKR's broad and global reach. "[Harlem Capital] believes that the limited funding for underrepresented founders—less than 3% of all VC dollars—is due to the lack of diverse investors. Its partnership with Harlem Capital, launched on Tuesday, fits the mold.

Source: Forbes May 07, 2019 13:48 UTC