Industry Veterans Jonathan Duskin and Daniel Balzora Launch Macellum Private Capital
NEW YORK--(BUSINESS WIRE)--Macellum Private Capital (“MPC”), a private investment firm focused on investing in Black- and minority-owned or -led businesses in the consumer and retail ecosystem, today announced its formation.
Historically, minority-owned and led businesses have encountered disadvantages to scaling due to a lack of access to significant capital, strategic and operational resources, and deep networks. Large corporations and consumers are increasingly demanding products and services from these businesses, creating over a $1 trillion opportunity.
Along with our team of investors and operators, management teams will have access to MPC’s strategic relationships, including G-III Apparel Group (NASDAQ: GIII), a nearly $3B revenue company that designs, sources, and markets apparel and accessories across over 30 licensed and proprietary brands; Citi Trends (NASDAQ: CTRN), a $1B revenue diversified retailer with over 600 locations focused on Black and Hispanic consumers; and Bob Johnson, Founder of BET and The RLJ Companies.
“These strategic relationships provide a unique and compelling value proposition to founders and management teams to bring a differentiated, value-added strategy to support and grow the companies in which we invest,” said Managing Partner Daniel Balzora, an investor with over 20 years of private investing, M&A, and operating experience while at TZP Group, Pouschine Cook Capital, Jefferies & Co., and General Mills. “Active engagement and being a trusted partner and resource to management teams is core to Macellum Private Capital’s investment philosophy and approach.”