Private entrepreneur Damien Dwin he raised a pile of money from Wall Street for his new social justice investment company Lafayette Square Holding.
Morgan Stanley has just become the biggest supporter of the effort, providing $ 100 million in funding to help the company expand from 17 employees to 65 by next year, according to Bloomberg.
The Lafayette minority – named after a square that President Donald Trump got rid of police last year – protesters of brutality for photography – will focus on flexible capital investment in sustainable housing and small businesses. Launched at the end of last year.
Dwin, who co-founded the private credit company Brightwood Capital Advisors and worked for Credit Suisse Group AG and Goldman Sachs Group Inc., will serve as CEO.
“The onset of pandemics and social unrest has raised the ESG in the conversation and is my hope and expectation that we will move from rhetoric to action,” Dwin told Bloomberg about environmental, social and corporate governance. “It’s personal and professional.”
Sustainable housing, loosely defined, is designed to be ecological and affordable.
[Bloomberg] – Sasha Jones