MassMutual Doubles Down on Backing Firms Led by Diverse Founders
by: Laura Kreutzer
The Massachusetts Mutual Life Insurance Co. is doubling down on supporting firms led by diverse founders with a fresh $100 million commitment to its First Fund Initiative. The insurer’s impact investment unit created the First Fund Initiative in late 2020 to provide capital to new funds of firms that seek to generate both positive social impact and financial returns and that are led by Black, Latino or Indigenous founders.
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