Goldman Sachs Pledges $500 Million for Female Founders
- Bank is also planning fund of funds focused on female managers
- Initiative aims to narrow gender gap in venture funding
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In an effort to fund more female entrepreneurs and investors, Goldman Sachs Group Inc. said Tuesday it will invest $500 million worth of firm and client capital in businesses and financial products run by women.
Called “Launch With GS,” the program will invest capital in businesses run or founded by women. Goldman Sachs will also launch a fund of funds focused on female managers across private equity strategies, which includes helping women build their investment track records.