News coverage of the launch of BII Fund II, with perspective from BII CEO Betty Francisco:
A Boston impact investment fund is launching a second fund aimed at closing the widening racial wealth gap. The Boston Impact Initiative (BII) seeks to build financial, social and political power for entrepreneurs of color. On Wednesday, it launched its second integrated capital fund, this one worth $20 million.
The fund plans to back enterprises owned by entrepreneurs of color and in community-owned or controlled commercial and residential real estate.