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Minority, women-owned company-focused Altura Capital eyes $250m fundraise


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Minority and women-owned company-focused investment house Altura Capital is eyeing up to $250m for a new fundraise.
The firm also targets investments in businesses that supply value-added goods and services to corporate America and governments.
Altura is the co-founder of Small Business Community Capital (SBCC), an SBIC Impact fund with $147m under management.
That fund provides debt and equity capital to small and mid-sized companies with $1m-plus EBITDA, focusing on women and minority owned firms and entrepreneurs located in LMI communities.
Altura’s latest raise, called Fund III, is yet to register any capital according to a filing submitted to the US securities regulator. ....

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Lambert & Co. acquire PR department of 9thWonder - Grand Rapids Business Journal


Grand Rapids Business Journal
Courtesy Lambert & Co.
Grand Rapids-based Lambert & Co. entered into a joint venture and co-investment with 9thWonder, a Hispanic-owned marketing and brand strategy firm that has offices in Houston, Dallas, Denver, Los Angeles, New York, Argentina and Vietnam.
The investor group joining Lambert in the deal is led by Monika Mantilla, fund manager and capital markets leader who has a history of investing in minority-, women-led and diverse-owned companies and entrepreneurs located in low- or moderate-income communities.
Other terms of the deal were not disclosed.
“We see tremendous potential with the 9thWonder team and their proven multimarket platform and felt the time was right to accelerate their growth with our strategic capital and connections,” Mantilla said. “Our commitment to diverse entrepreneurs and companies, coupled with a shared alignment as Hispanic founders and leaders with complementary national platforms, make ....

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