While most artists thinks about starting more businesses around the entertainment realm, Pras Michel is thinking "beyond it."
The former Fugees member is teaming with businessman Frank White, Jr. and venture capitalist Shomik Dutta to create DuSable Capital Management LLC. The company hopes to oversee a $500 million to $1 billion fund and plan to focus their investments in renewable energy (green energy).
White is known as one of President Barack Obama's biggest fundraisers. In 2008, he raised $10 million for Obama's intro into the White House. He and Pras met during the 08 campaign.
Of the new hedge fund company Pras says, "I'm fascinated that as the most powerful country, we should be No. 1 in energy and infrastructure, and we're not. We're trying to do our part."
Have you ever wondered what former Fugees member Pras Michel has been up to since the group disbanded? Well, wonder no more. Michel is now entering the world of finance with his new hedge fund company, Blacture Capital.
Blacture Capital aims to invest in diversity and innovation, focusing on underrepresented communities and emerging markets. As an entrepreneurial investor, Michel believes that financial success should not only benefit himself but also contribute to positive societal change.
With Blacture Capital, he hopes to create opportunities for those who have often been overlooked by traditional finance industries and support the growth of innovative ideas that have the potential to make a real difference in the world.
Blacture Capital: Investing in Diversity and Innovation
You’re gonna want to pay attention to Blacture Capital because they’re all about investing in diversity and innovation.
In a world where the investment industry is often criticized for being too homogeneous, Pras Michel’s new hedge fund company aims to change that. Blacture Capital is committed to providing funding for underrepresented communities and projects that focus on social impact.
The company’s mission statement emphasizes their dedication towards investing in companies that are ‘disruptive, transformative and diversified’. This means that they look for opportunities in industries such as technology, media, healthcare and finance with a focus on creating positive change.
By supporting innovative startups and entrepreneurs from diverse backgrounds, Blacture Capital is helping to level the playing field in an industry that has historically been dominated by white men.
Blacture Capital also offers mentorship programs for aspiring investors who may have faced barriers due to their background or lack of access. Through these initiatives, they hope to inspire more people from underrepresented groups to enter the world of finance and contribute their unique perspectives.
Overall, Blacture Capital’s commitment to promoting diversity and inclusion in the investment world makes them a valuable addition to the industry.
Pras Michel: From Musician to Entrepreneurial Investor
Transforming from a music artist to an entrepreneurial investor, Pras Michel is now delving into the world of finance with his latest venture. As a former member of the Fugees, he understands the importance of taking risks and being innovative in order to succeed.
Pras Michel’s hedge fund company is poised to invest in companies that are disrupting traditional industries with new technologies and ideas. He believes that diversity is key to success and wants to support entrepreneurs who come from underrepresented backgrounds.
With his experience as a musician and entrepreneur, Pras Michel brings a unique perspective to investing. He understands how creativity can lead to success and hopes to help others achieve their dreams through Blacture Capital.
By focusing on diversity and innovation, he aims to make a positive impact on both the financial industry and society as a whole.
Conclusion
So, there you have it – the exciting news of Pras Michel’s newest venture, Blacture Capital. As a former member of the Fugees and successful solo artist, Michel has proven himself to be a talented musician.
But now, with his new hedge fund company, he’s entering the world of entrepreneurial investing. Blacture Capital aims to invest in diversity and innovation, making it a unique addition to the world of finance.
Michel’s passion for social justice and equality will undoubtedly influence Blacture Capital’s investments and make it an impactful player in the industry. We can’t wait to see what kind of change this revolutionary new company will bring about.
Founder and Creator of Singersroom.com and IncredibleWork.com. Follow me on Instagram at @gary.gentles.
