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This Opportunity Fund Will Invest $1 Billion in Communities of Color Across the U.S. (BELatina)

By May 23, 2022June 2nd, 2022No Comments

BlackRock’s Impact Opportunity Fund has announced that it intends to invest $1 billion in communities of color across the United States.

In May 2022, the fund partnered with Eastwood Capital Partners, a black-owned sponsor, and Retro Fitness to invest in the development of up to 70 fitness franchises in the Dallas, Houston, and southeast Florida areas. The investment is intended to make exercise, health, and fitness more accessible to communities of color to help address disparities in the social determinants of health.