New Majority Capital
Overview
New Majority Capital is a private equity firm dedicated to closing persistent wealth gaps in the United States by supporting underrepresented entrepreneurs in acquiring and scaling small businesses. The firm operates with a dual mandate: delivering value to limited partners while expanding ownership in low-to-moderate income communities. Their approach includes providing non-extractive capital and educational resources to facilitate business acquisitions. The firm's investment strategy centers on acquiring profitable, cash-flowing small businesses, particularly those owned by retiring baby boomers—a phenomenon often referred to as the 'Silver Tsunami.' By focusing on businesses with an EBITDA between $500,000 and $2 million, New Majority Capital targets companies that are typically too small for traditional private equity interest, offering strong opportunities for growth and improvement in cash flows. This strategy enables the firm to distribute cash flows back to investors early in the life of the fund. New Majority Capital's impact is evident in its portfolio, which includes nine acquisitions with a total capital deployment of $1.69 million. Notably, 68% of these acquisitions qualify as low-to-moderate income (LMI) businesses, with a projected $25 million in wealth generation from the current portfolio. The firm's commitment to inclusivity and non-extractive practices has attracted partnerships with organizations like the Skoll Foundation, which contributed to the first close of NMC Fund I, underscoring the firm's potential to significantly impact underrepresented entrepreneurs and the employees in their acquired businesses who benefit from profit-sharing programs.
Investment Focus
- Underrepresented entrepreneurs seeking to acquire and scale small businesses in the United States
Portfolio Companies
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Unlock full contacts →Frequently asked questions about New Majority Capital
What sectors does New Majority Capital invest in?
New Majority Capital invests in Financial Services, Healthcare, Consumer Goods, Business Services and Manufacturing, and is based in Providence, United States. New Majority Capital is listed as a private equity in the ConnectSafely investor database.
What stage does New Majority Capital invest at?
New Majority Capital backs companies at Growth and Buyout, writing cheques of 500K - 2M.
Which regions does New Majority Capital invest in?
New Majority Capital invests across United States.
Who are the partners at New Majority Capital?
Team members listed for New Majority Capital include Darryl Lindie (Co-Founder) and Allegra Stennett (Co-Founder & Managing Partner).
What companies has New Majority Capital invested in?
New Majority Capital's portfolio includes Artnet Pro, Inc., Vertex Communications, Farrell Brothers, Veterans Room, 360 MedSpa of Buford and Striker Marketing.
How do I contact New Majority Capital?
New Majority Capital's contact details — including phone and LinkedIn — are listed in the ConnectSafely investor database, along with its website and the LinkedIn profiles of its partners.
Last updated · Source: ConnectSafely investor database
