New Philly-based $50 million private equity fund will invest in women, underrepresented entrepreneurs in Pa., N.J., and beyond

Miguel Estien and crowd at Innovate Capital Growth Fund Launch

Media Outlet


Erin Arvedlund

Della Clark, president of the Enterprise Center of West Philadelphia, is raising $50 million for a new, for-profit fund investing in small businesses run by women and underrepresented entrepreneurs in Pennsylvania, New Jersey and other mid-Atlantic states, the founders said Monday.

Clark’s private-equity style Innovate Capital Growth Fund is the latest of several funds aimed at supporting underrepresented entrepreneurs in the wake of George Floyd’s murder and America’s ongoing reckoning with income inequality.

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