Fearless in the Wake of Harvard/UNC: The Future of Impact Investing or Private Contracting with a Racial Lens

The American Alliance for Equal Rights filed a race discrimination lawsuit in US District Court in the Northern District of Georgia against entities affiliated with Fearless Fund Management, LLC, an Atlanta-based asset manager. The lawsuit alleges that Fearless’ grant program for Black female business owners violates Section 1981 of the Civil Rights Act of 1866. The organization that filed the Fearless suit is affiliated with Students for Fair Admissions, the organization that sued Harvard and the University of North Carolina in the affirmative action cases the US Supreme Court decided this term.

Please join us as we discuss some of the practical questions this raises regarding investments, funds, and other contract decisions.