Sidecar Investment

It wasn't in the main train, The Fund, a part of the $500 million that was raised among 300 limited partners for you, the General Partner, to manage. Nope. This was a sidecar fund of $32 million, which was targeted to invest only in minority-and-women-founded companies.

The lion's share of your limited partner investors were from all over the world, so all they cared about was good investment returns. They weren't interested in the do-gooder charitable vibes you had in wanting to support diversity. They pointed out that it was hard enough to make real money when all you did was focus on profits; worrying about diversity and other issues could only add friction to your investing needs, right?

So you created this sidecar fund, so that other Blue State do-gooders like yourself could invest where your heart was, and try to make the world a more evenly divided place.