Axios Pro Rata: Fundraising racism
Plus, Porsche goes public. | Thursday, September 29, 2022 Open in app View in browser Axios Pro Rata By Dan Primack · Sep 29, 2022 🌎 Chris Sacca , co-founder of Lowercarbon Capital, has been added to the lineup for the Axios BFD , taking place in New York on Wednesday, Oct. 26. Request your invitation . Top of the Morning Illustration: Maura Losch/Axios Black and Hispanic-owned venture capital and private equity firms have a particularly onerous time raising follow-on funds, according to new research from Harvard, Vanderbilt and the University of Michigan. Why it matters: This trend exacerbates existing wealth disparities between racial groups. Not only in terms of fees earned by fund managers, but also because Black and Hispanic-owned funds are more likely to invest in Black a...