We are excited to launch our third cohort of Emerging Fund Managers! Since 2020, BII has trained over 40 fund managers nationwide to design and launch integrated capital funds dedicated to closing the racial wealth divide. Emerging fund managers of color play a vital role in deploying capital to the people, places and social enterprises that are building an inclusive and equitable economy.
BII’s Emerging Fund Manager Program provides education and training to emerging fund managers on BII’s integrated capital investment model. Over the course of four months, the cohort will participate in nine group sessions based on BII’s Fund Design curriculum, and receive one-on-one coaching from BII team members. The program also fosters mutual learning, as cohort members share their own resources and experiences, creating a vibrant community of practice that also includes previous cohorts.
The four-month program is available to first-time fund management teams of color who are actively planning community-based impact investment funds focused on racial equity and economic justice. More details are below.
Past sessions have been open by invitation only; this is the first time we are accepting applications. You can apply here. To honor people who have already indicated interest and are ready to get started, our application process will be quick! We ask for all applications to be submitted by April 16 so that the program can kick off on May 2. BII will be hosting an information session on the Spring 2023 Emerging Fund Manager Program on April 12 at 3pm EDT – register here!
Program Description: BII provides education and training for fund managers, investors and philanthropists that advances fresh perspectives on trust-based investing, balancing risk and return, and democratizing ownership and decision-making. BII has a robust program curriculum to help diverse, emerging fund managers design and launch impact investment funds. Main topics include integrated capital, stakeholder development, investment criteria, governance structures, fund design and modeling, impact measurement and management, and raising capital.
Number of Participants: Up to six funds with 1-2 team members each.
Online Curriculum: Participants receive access to BII’s full online curriculum for place based, integrated capital fund design. The curriculum includes lectures, frameworks, and templates that take participants through Identifying the Need in their Community, Designing the Fund’s Structure and Terms, Managing a Portfolio, Impact Management, and Learning and Reporting. Participants also receive access to a library of case studies based on investments made by BII.
Sessions: The Spring 2023 Fund Manager Education program includes nine sessions, running from May 2 to August 15, 2023. The first three sessions have been tentatively scheduled as follows:
Coaching: Participants have access to unlimited one-on-one coaching sessions with the BII team to advance elements of their fund design. BII will look to connect participants with advisors who are subject matter experts in different areas.
Program Cost: Fee: $10,000 per team, and can be paid in installments. For teams that are not able to pay the full rate, we’d like to partner with you in raising funding to cover your participation. Please reach out to us to discuss your unique needs.
Questions: Contact Zack Neville Young, Director of Integrated Capital Solutions, at firstname.lastname@example.org with any questions regarding the program.