Illumen Capital is a fund of funds tackling racial and gender bias in asset management. The fund invests in venture, growth, and private equity funds, and then works closely with fund managers to implement and install ‘IllumenIQ’, a proprietary web-based platform providing educational training programs, strategies, and tools designed to advance inclusive hiring, investment, and company support processes. The fund invests in Education, Financial Inclusion, Climate & Sustainability, and Health & Wellness themes.
After raising $88 million Fund I, Illumen Capital has raised $168 million Fund II. Ford Foundation, and W.K. Kellogg Foundation led the fund, which had capital from over 100 investors. Illumen Capital's Fund II was oversubscribed, surpassing the initial target by nearly $20 million.
$168M • 2023 • Fund II
Illumen Capital is an impact fund of funds, addressing systemic inequity by reducing racial and gender bias in investing.
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