FVLCRUM is a private equity firm that invests in lower middle market, minority-owned companies in the US in the government contracting, healthcare, and franchising sectors. Its mission is to close the US racial wealth gap and simultaneously drive strong investor returns by providing equity capital and leveraging network capital to grow minority businesses and their communities. Their approach goes beyond the scope of most other private equity firms to proactively promote both racial and gender diversity by having each of its portfolio companies sign a Community Benefits Agreement and commit to impact reporting.
Why We Invested
The recent collision of a global pandemic, economic crisis, and racial crisis have underscored the need for investors to demonstrate to stakeholders that their investments do not enable structural inequities. FVLCRUM Fund was launched to close the racial wealth gap, and they see the gender equity story as closely intertwined. As such, the Fund is deliberate in their sourcing model to find minority businesses of scale and give elevated consideration to women-led, minority businesses of scale. WoWE’s investment in the Fund offers a unique opportunity to disrupt the impact landscape and innovate new solutions at the intersection of gender, racial equity, and capital markets.
Impact Sector: Racial Equity, Economic Opportunity
Deal Type: Private Equity