Jeff Monge’s Post

"In the present-day context, every major financial institution—Citigroup, Wells Fargo, JP Morgan Chase, Goldman Sachs, and Morgan Stanley—have acquired financial institutions that existed pre-1860s. That means each has benefited from the enslavement of stolen Africans." In her latest piece with ImpactAlpha, Kataly's Chief Investment Officer Lynne Hoey delves into the history and context that created today’s financial system—a story of corporate greed, the hoarding of wealth, and predatory practices. It is also the story of how Black communities in particular have been central targets of that greed. Acknowledging the origins of our financial system is a critical step towards designing an investment strategy aligned with justice. Read more: https://lnkd.in/g2sCHX85

Hetty Green: Wall Street’s Long-Forgotten Queen **************************************** "People who are honest nowadays are accused of being mad." HETTY GREEN **************************************** Her enemies referred to her as the witch of Wall Street, which was a moniker that could not be further from the truth. The reality was she was among the most talented investors in US history (if not the most talented). She was also modest, honest, and charitable, which was so foreign to stock operators in the lawless markets of the Gilded Age that it was mistaken for witchcraft. For those who missed the webinar, please feel free to join in. In the second half, Michelle Seitz explains how she resurrected many of Hetty Green’s virtues to drive her rapid ascent in the investment profession.

Division 1 college sports is a new opportunity for private equity — but presents a set of challenges unlike any other. Learn how PE firms can navigate the world of investing in collegiate sports: https://ow.ly/kav550QuvlY #PrivateEquity #Investment #CollegiateSports

In 2023, companies founded solely by women accounted for 2% of the total capital invested in venture-backed startups and black founders received less than 0.5%. The TruStage Ventures Discovery Fund challenges industry standards, allocating 34% of its investment dollars to women founders and 66% to BIPOC founders to date.   “For the past three years, we’ve supported and invested in companies offering solutions to improve the financial health of communities underserved by the traditional financial system. It is making a real difference, and we are proud to commit to continuing these investments and improving industry standards.” - Elizabeth Coston McCluskey, Director of the Discovery Fund.   Check out the second annual report detailing the impact of the Discovery Fund since created in 2021 here: https://bit.ly/3Oz0IUc

It was brilliant to be in the room today, to listen and learn from our peers but more importantly strategise about how we grow female-led angel groups across the UK and how we introduce more women into the world of angel investing. #AngelInvesting #FemaleLeadership #EconomicGrowth #WomenbackingWomen

Register to attend our next Industry Insights webcast, where NAIC President & CEO Robert L. Greene (Bob). Greene will lead an engaging discussion with Tony Lee, Co-Founder and Managing Partner of One Rock Capital Partners, LLC and member of the NAIC Board of Directors. Lee co-founded One Rock Capital Partners in 2010 with R. Scott Spielvogel, after working together as Managing Directors at Ripplewood Holdings. One Rock is a value-oriented, operationally focused firm that seeks control-stake equity investments in middle-market companies in North America. With an investment committee that was 55% diverse as of December 2023, the firm’s leadership fosters a strong commitment to a culture of inclusion. Lee has led One Rock through three very successful institutional fundraising campaigns: an inaugural fund that closed at $431.5 million in 2014, surpassing a $300 million target, a $964 million Fund II in 2017 that closed at its cap, and a $2.0 billion Fund III in 2021 that exceeded its $1.5 billion target. Register today to learn more about this industry leader’s career journey and the opportunities Lee sees in the current market: https://lnkd.in/gj_mVBZz #alternativeinvestments #institutionalinvestors #privateequity

Celebrating Juneteenth with Action Juneteenth reminds us of the crucial need to address racial and economic justice. At Cadence, we’ve partnered with RBC to launch a $50M Racial Equity Fund, helping Black and Latinx families start businesses and buy homes. We encourage other companies to join us in this important initiative. Together, we can bridge both the wealth and information gaps. Learn more ➡️ https://ow.ly/Ywlm50SmR3s #RacialEquity #Juneteenth #EconomicJustice

Future investors and capitalists could be anyone like Lovisa Löwenborg : brave, bold, focused, and determined. Many women around the world possess these qualities and can excel in investing. Some people seem destined to live for a purpose. Great work Lovisa Löwenborg ! My first venture as an entrepreneur began in kindergarten when I sold lined writing pads for 5 centavos each to my classmates. My Mom was livid. Then it followed a pattern of leaving the school grounds at lunch time to go home. I was always bored. For aspiring entrepreneurs, capitalists, or investors, reflect on your childhood. The activities you engaged in at an early age can be strong predictors of your future path. #impactinvesting #impactentrepreneurs #independentthinker

🌟🎢 Attention, Pioneers of Change and Lovers of Heritage! 📜🇺🇸 Dive into the heart of innovation with our Haunted Texas Theme Park & American History Preservation Project. We're on a mission to honor the spirit of Texas 🤠 - celebrating its rich tapestry, from the storied past to a future full of promise. And this is just the beginning; we plan to bring this celebration to every state across the nation! 🚀 📈💰 Economic enthusiasts, get ready! We're at the forefront of the most significant wealth transfer in history. This isn't just about making a fortune; it's about crafting legacies. But remember, it's the early thinkers who catch the wave 🌊 before the tide turns. 💌 You're officially invited to join our Medium Page, where we will chart the course of the Haunted Texas Theme Park & History Preservation Project. This isn't just another theme park - it's a movement. A movement that cherishes our collective memories and fuels our shared future. 🌐🚀 🤝💡 Join us as we explore opportunities, celebrate milestones, and brainstorm ideas that will bring our shared vision to life. If you're ignited by innovation, community, and the narratives that weave our nation's fabric, this platform is for you. 🔗 Stay in the loop and be part of the conversation. Let's connect and make history together: 🤲✨ Let's unite to safeguard America's legacy and ensure that no one misses out on the monumental wealth shift ahead. When we lift one another with knowledge, everyone succeeds! #HauntedTexas #HistoryPreservation #WealthTransfer #CommunityBuilding #InnovationNation #AmericanHeritage Join the journey. Save the stories. Shape the future. 🌱🏰

Division 1 college sports is a new opportunity for private equity organizations — but presents a set of challenges unlike any other. Learn how PE firms can navigate the world of investing in collegiate sports: https://ow.ly/OnAh50QruGw #PrivateEquity #Investment #CollegiateSports