Ariel Alternatives Closes Inaugural $1.45B Project Black Fund
By Jade Martinez-Pogue ( February 1, 2023, 3:14 PM EST) -- Kirkland & Ellis LLP-advised private asset management firm Ariel Alternatives LLC on Wednesday announced that it closed its inaugural private equity fund Project Black with $1.45 billion in commitments from limited partners and co-investors, which will be used to help close the racial wealth gap by creating minority-owned businesses of scale....
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