The United States has been going through a period of major demographic shifts driven by a sustained inﬂux of minority/ethnic immigrants in the past few decades and higher birth rates among minorities. The U.S. Department of Commerce estimates the country will grow by 50 percent in the next 40 years and that 90 percent of that increase will come from minority communities. These demographic changes, combined with improvements in educational attainment and greater purchasing power among minorities, have created a separate asset class that we refer to as “American Emerging Markets” (AEM), which oﬀer a variety of new and attractive investment opportunities.
An AEM company features one of more of the following criteria: (1) Ownership (the business owners or investors belong to an ethnic minority group); (2) Customer base (the business serves primarily minority customers) or (3) Geography (the business is physically located near ethnic minorities, including real estate)
For four hundred years, through waves of immigration, Native American, British, Spanish, African, Irish, Italian, Asian and Latin American, Diversity, through ﬁts and starts, has been the “secret sauce” of the American experiment and makes the USA the most dynamic country on earth. The 21st century will be no diﬀerent. Proﬁts can be made by investing accordingly.
Alpha. Innovation. Diversity.
Provide alpha to investors via American Emerging Markets and Minority and Women-owned Business Enterprises (MWBEs) Provide strategic and long-term capital to leading MWBEs across all stages of their development and help them grow Promote innovation and diversity in business