Fairview Capital, a prominent minority-owned venture capital and private equity investment management firm based in the United States, has published its 2023 Market Review.
The report offers valuable insights into the growth and resilience of woman and minority-owned investment firms amid economic volatility and diversity challenges.
Key Insights from the 2023 Market Review
The annual report reveals that 52 Latinx-owned firms were active in the market in 2023, marking a significant 21% increase from the previous year.
Notably, 44% of these Latinx firms were in the process of raising subsequent funds, indicating sustained growth.
The report also highlights that Latinx-owned firms are targeting a median fund size of $100 million, aligning with broader trends in woman and minority-owned firms.
Challenges and Opportunities for Woman and Minority-Owned Firms
While the number of woman-owned firms experienced robust growth, reaching a record 167 in the market with an 11% increase, challenges persist for minority woman-owned firms.
African-American woman-owned firms saw a 1% decrease, and Asian-American woman-owned firms faced a 5% decline compared to the previous year.
The report underscores that Latina-owned firms are the most underrepresented group, with a shift in target fund size from $40 million to $35 million.
About Fairview Capital
Fairview Capital, with almost three decades of experience, stands as one of the largest minority-owned investment management firms in the United States, managing over $10 billion since its inception.
Headquartered in West Hartford, CT, with an additional office in San Francisco, CA, Fairview Capital continues to contribute to the evolving landscape of venture capital and private equity.
