NJ FAM FUND

The New Jersey Forty Acres and a Mule (FAM) Fund (the "Fund" or NJ "FAM Fund") is a first of its kind private investment vehicle focused on making equity and debt investments in Black and Latinx businesses located or doing business within the State of New Jersey and transform real estate projects within New Jersey's Black and Latinx communities. The NJ FAM Fund intends to raise $100 million in investable capital to make opportunistic investments in value-added small businesses and real estate projects that will scale and reduce the wealth, health, and social disparities that exist with Black and Latinx communities when compared to the general population of the State of New Jersey. The Fund will raise capital through both charitable contributions and investments from financial institutions and corporate partners. The NJ FAM Fund will operate as a private investment vehicle with assistance from broad public support.

Primary location: Newark United States