2025 Grunin Prize Finalist: New Majority Capital Fund

NYU Law Grunin Center

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19 回視聴・いいね・ 2025/05/02

2025 Grunin Prize Finalist: New Majority Capital Fund

Nominated Legal Team:
From RPCK Rastegar Panchal LLP:

Chintan Panchal
Joshua Teitelbaum
Aaron Bourke

The Project:
The New Majority Capital Fund (NMC Fund) is a first-of-its-kind impact investment vehicle designed to empower historically underrepresented entrepreneurs—particularly Black, Latinx, and women business owners—by providing them with access to non-extractive impact capital and business acquisition opportunities, coupled with mentorship and an entrepreneurial support community.

The fund addresses a critical gap in the market: while minority-owned businesses are a key driver of economic growth, historic and systemic barriers prevent many from acquiring or scaling businesses. The NMC Fund utilizes an innovative fund and capital deployment structure that integrates equity, debt, and catalytic capital as well as revenue based financing to finance the transition of small businesses to new, diverse ownership.

From a legal perspective, this required a complex, multi-tiered structuring approach to blend different forms of capital while aligning risk-return expectations for investors. The fund incorporates mission-aligned governance, impact-linked financial incentives, and regulatory compliance strategies that enhance its scalability. By tackling racial and gender wealth gaps through business ownership, the NMC Fund is a pioneering model for impact-driven capital deployment. We hope the legal framework behind it sets a precedent for future funds aiming to use private equity and alternative financing structures for inclusive economic growth.