Steve Ballmer has made a big bet on Black private fund managers, aiming to back top-flight investment talent while helping fill the funding gap for minority-led firms and businesses.
The former Microsoft chief executive and his wife, Connie Ballmer, this year invested $400m across four investment vehicles focused on Black venture capital and private equity managers, Ballmer said in an interview. The transactions haven’t been made public previously.
The...
Read more on fnlondon.com