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Former Microsoft boss bets $400m on Black private equity managers
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Steve Ballmer has made a big bet on Black private fund managers, aiming to back top-flight investment talent while helping fill the funding gap for minority-led firms and businesses.
The former Microsoft chief executive and his wife, Connie Ballmer, this year invested $400m across four investment vehicles focused on Black venture capital and private equity managers, Ballmer said in an interview. The transactions haven’t been made public previously.
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