Social Capital Partners (SCP) has launched a new fund to combat rising wealth inequality and business ownership concentration.
Modest in size, but ambitious in scope, The Ownership Fund will invest $2 million on behalf of SCP’s partners using an “ownership lens” to increase economic opportunity for people facing systemic barriers. Its end goal is to create sustainable asset ownership for those who wouldn’t otherwise have access to capital.
The newly announced fund has already made investments in eight organizations, including Indiegraf, Apis & Heritage Capital Partners and Blackstar Stability. It hopes to invest in a total of 20 businesses over the next 18 months.
Jon Shell, SCP partner and managing director, said the goal is to create a demonstration model that distr
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