Want to close the generational wealth gap? Invest in minority-owned private-equity firms

Oct 28, 2021

Jeffrey Wright, CEO of Gold Leaf Capital Partner who recently graduated from The Harvard Kennedy School after being a leader in commercial banking for more than 10 years, examines the complexities of how “The need to have money to make money”, acts as a filter that blocks the potential of Black and Brown money managers to thrive.

Gold Leaf Capital Partners, one of the country’s most successful capital markets advisory services firm, was recently highlighted in Crain’s Chicago Business for its comprehensive and data-driven approach to solving America’s century long generational wealth gap by investing in minority-owned private-equity firms. 

Jeffrey Wright, CEO of Gold Leaf Capital Partner who recently graduated from The Harvard Kennedy School after being a leader in commercial banking for more than 10 years, examines the complexities of how “The need to have money to make money”, acts as a filter that blocks the potential of Black and Brown money managers to thrive.

The 1000 words article examines the high points and low points of how “The need to have money to make money”, acts as a filter that blocks the potential of Black and Brown money managers, writes this Chicago firm founder., in the pursuit of providing a clear view of the market for private equity money managers. A certain element of the article is set to spark conversation & evaluation amongst private equity money managers.

Below is an excerpt from the article:

“Everyone knows the Catch-22: It’s hard to get a job without experience, but you can’t get experience without a job. Something similar exists in the private equity industry, but on a bigger scale: To be able to raise equity, you need a track record of buying and exiting companies, which requires, well, raising equity. Unfortunately, the ways to get around that conundrum tend to lock out Black and Brown money managers, making private equity one of the most inequitable corners of an already inequitable financial services industry.”

Although our article titled “Want to close the generational wealth gap? Invest in minority-owned private-equity firms.” might unsettle traditional financiers that manage capital on behalf of institutions, pension funds, endowments and investment consultants, this is a issue that needs to be discussed in the broader market. 

The complete article can be found at: https://www.chicagobusiness.com/equity/how-increase-equity-private-equity-sector. Click here to speak with Jeffrey Wright, CEO and Founder of Gold Leaf Capital Partners.

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