He is raising a $150 million fund, according to Harlem Capital. Documents filed with the SEC,
This new fund, if raised, would be the firm’s third fund, its largest to date. In 2021, Harlem Capital raised an oversubscribed fund $134 millionmuch more than that $40 million It raised $4.5 lakh for its inaugural fund in 2019.
The firm was founded in 2015 with the goal of Supporting diverse foundersIts second fund focused on early-stage post-product companies across sectors, but with a particular focus on consumer and enterprise tech. According to PitchBook, the firm currently has $174 million in assets under management, and has made more than 80 investments since its founding, including 12 exits. Investments include Propens.ai, fintech Poolit, and Gander the e-commerce platform,
Harlem Capital did not immediately respond to our request for comment.
Harlem Capital also focused on raising money from diverse limited partners for its second fund, and it’s safe to assume this mission will continue as the company stays true to its mission of backing the next generation of diverse founders.
It should also be noted that Harlem Capital’s oversubscribed Fund 2 came after the summer of Black Lives Matter when the industry declared itself committed to supporting historically marginalized groups and flooded funding into those communities. Harlem Capital’s third fund seeks to raise funds in a very different environment, where Adverse reactions to diversity and inclusion It has taken root in industries across America.
Successfully raising this $150 million fund will not only be a demonstration of success for Harlem Capital and its founders, but also a testament to the industry’s willingness to believe in and support talented, underrepresented communities.
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