TLDR:
- New York Life has acquired a minority ownership stake in Fairview Capital as part of an initiative to bridge the racial wealth gap.
- New York Life has committed $200 million to Fairview since 2021.
New York Life has recently acquired a minority ownership stake in Fairview Capital, signaling a commitment to bridging the racial wealth gap. This strategic move is part of New York Life’s investment initiative, which has seen the company commit $200 million to Fairview since 2021. Fairview Capital is a leading private equity firm focused on providing access to top-tier venture capital and private equity fund managers for institutional investors. The addition of New York Life as a minority owner is expected to strengthen Fairview’s position in the market and further drive its impact in the private equity sector.
