Macellum launches private equity firm focused on Black and minority-owned businesses

Macellum Capital Management CEO Jonathan Duskin and Macellum Private Capital Managing Partner Daniel Balzora join Yahoo Finance Live to discuss the company's new private capital firm that will focus on Black and minority-owned businesses.

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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.”

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