Altura Capital and NMSDC announced the signature of a memorandum of understanding to offer capital and strategic growth solutions for Corporate + members and other MBEs
Altura Capital will allocate up to $100 million in capital investments from its family of funds for MBEs with a focus on Altura’s investing verticals: business services, consumer goods, healthcare and manufacturing.
After years of working collaboratively, both organization have a desire to accelerate and institutionalize their work as proactive ecosystem leaders, leveraging each other’s strengths and resources to drive their mission and purposes forward, fostering shared success and growth across the diverse business community.
Altura Capital is a results driven lower-middle market private equity and private credit firm, with a solid 19-year history and 10-year track record. It is a woman-led organization, with a team that brings 440+ years of collective experience in investing and company building.
Altura’s purpose is to transform societies through entrepreneurial success. How?
- Pioneering capital and scaling up solutions
- Partnering up with institutional investors
- Building socially responsible innovative enterprises
- Adhering to guiding principles that prioritize people and team culture
Altura Capital will collaborate with NMSDC by:
- Creating a series of capital and executive leadership-focused educational programming.
- Assisting NMSDC, and collaborating with other MBE-focused capital firms, in developing strategic in-person convenings of capital providers focused on the MBE ecosystem.
- Collaborating with Fortune 1000 companies helping to scale NMSDC-certified minority-business enterprises (“MBEs”) through alignment of capital and procurement spending.
With this MOU, we will aim to:
- Provide minority entrepreneurs with valuable knowledge and capital resources.
- Support investment management firms, like Altura Capital, to develop relationships with corporations to help them strengthen their supply chain and utilize firms like Altura as part of their investment management programs.
- Collaboratively develop an initiative around investments in sports, including the growing segment of women’s sports.
If you are an entrepreneur, corporation or a service provider, including other capital partners, seeking to collaborate, please reach out to
altura-nmsdcmou@alturacap.com
LinkedIn: https://www.linkedin.com/company/altura-capital-management/