The Fund Aims to Increase People of Color-Led Business Ownership and Close Wealth Gaps. Known to house both the Living Cities Catalyst III fund and the team who powers it.
NEW YORK, May 22, 2023 /PRNewswire/ —Living Cities announced its new partnership with Known, a finance and asset management firm, to house its $100 million Catalyst Fund III, an investment vehicle designed to confront and address underinvestment in Black, Indigenous, People of Color (BIPOC) communities.
“We’re thrilled to provide a new home for the operation and growth of this storied franchise of funds, and we look forward to a thriving partnership with our friends at Living Cities. This values-aligned endeavor is a case study in partnership for scale and growth, and true cross-sector collaboration at its best,” said Jim Casselberry, CEO of Known Holdings.