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Laxman Pai, Opalesque Asia: The global alternative asset firm TPG made an undisclosed equity investment in New York-based Harlem Capital Partners (HCP), which invests in minority- and women-run startups, and joined Harlem's first fund as a limited partner.
In connection with its investment in the company, TPG will commit capital to HCP Fund I. The investment will provide HCP access to resources to help scale its business, enhance operating capabilities, and support its portfolio. Terms of the investment were not disclosed.
Led by Managing Partners Henri Pierre-Jacques and Jarrid Tingle, HCP is committed to backing minority and women founders across industries in the United States.
The firm is on a mission to change the face of entrepreneurship by investing in 1,000 diverse founders over the next 20 years.
Through a strong advisor network, leading industry research, and an active social media presence that reaches more than 425,000 people, HCP seeks to develop an empowered ecosystem of diverse founders, investors, and companies.
"In its short lifespan, HCP has established itself as a go-to partner for minority founders and women-led businesses, many who are providing new and innovative solutions to different problems," said Jon Winkelried, Co-CEO of TPG.
"Henri and Jarrid are incredibly talented investors whose mission, strategy, and vision expand the broader TPG ecosystem in a compelling and differentiated way. We're excited to work with t...................... To view our full article Click here
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