These financial entrepreneurs have helped Black people get in the money game.
This list is important because it spotlights those money-manager entrepreneurs who should be applauded for making sure that Black people are in the money game. They are our financial titans, whose companies have succeeded in an industry where very few African Americans have been allowed to thrive.
Some started their careers on Wall Street, while others came right out of college into entrepreneurship. Managing billions of dollars that they have received from multiple areas—whether it is municipalities, pension firms or individual investors—these leaders and their companies have gained the confidence of not only our community but of all communities at large.
Vista Equity Partners (Established 2000)
Founder – Robert F. Smith
Total assets under management (AUM): $101 billion
EARNEST Partners (1998)
Founder – Paul Viera
Total AUM: $20 billion
Ariel Investments (1983)
Founder – John W. Rogers
Total AUM: $16.2 billion
Brown Capital Management Inc. (1983)
Founder – Eddie C. Brown
Total AUM: $10.7 billion
Pugh Capital Management Inc. (1991)
Founders – Mary Pugh and
Scott Greiwe
Total AUM: $10.7 billion
Advent Capital Management LLC (1995)
Founder – Tracy V. Maitland
Total AUM: $9 billion
Channing Capital Management LLC (2003)
Founders – Rodney Herenton and Wendell Mackey
Total AUM: $4.3 billion
Bay Street Capital Holdings (2018)
Founder – William Huston
Total AUM: $480 million
(source: aumf13.com)
GenNx360 Capital Partners (2006)
Founders – Lloyd Trotter and Ronald Blaylock
Total AUM: $1.5 billion
(source: aum13f.com)
Bronze Venture Fund (2009)
Founder – Stephen DeBerry
Total AUM: N/A
Louis Carr is president of media sales at BET and publisher of WayMaker Journal.
