LaPhair Capital Partners, a NYC-based minority-led, influencer-backed and performance driven venture capital fund, launched Alpha Fund I, targeting $100M.
Alpha Fund I will invest in companies focused on social responsibility in underserved communities within high growth markets. The new fund’s deployment will focus on innovative early-stage, Series A/B and growth-stage companies, enabling them to emerge into market leaders. It seeks a minimum of 35 percent in annualized returns for the fund with horizontal and/or vertical leverage opportunities.
An Alpha Fund I investment is Kinexx Modular Construction, which builds homes in under ten days with a construction process aimed at solving the problem of urban infill for those who previously could not afford a home. An initial investment round was led by LaPhair in 2021.
Led by Adrian Muhammad, Managing Partner, LaPhair Capital Partners is an influencer-backed, minority-led early-stage investment firm which supports solutions and seeks to advantage shifts in cultural trends for return value for its partners, portfolio and service communities.
Alec Ogletree, former NFL linebacker, is the General Partner of Alpha Fund I.
FinSMEs
14/10/2023