Fairview Capital Investment Company celebrates its 30th anniversary

Fairview Capital Partners is a billion-dollar Black-owned investment firm celebrating its 30th anniversary. JoAnn Price and Laurence Morse co-founded Fairview and built the corporate right into a $10.8 billion private equity and enterprise capital fund.

Founded in September 1994, Price and Morse raised capital for the corporate through joint investments, enterprise capitalists and diverse and emerging managers, () emphasizes.

Price approached Morse and asked him to collaborate on her vision, and the remaining is history. Once they got began, they turned to public pension funds.

“We had to be comfortable answering mostly ‘no’ or ‘That sounds good, but we don’t think something like that could work for you'” he said Price. Morse added: “We just knew that in time we would be successful, the only question was whether we could survive long enough to realize that success.”

Three a long time later, the corporate employs 25 people and has weathered economic crises, a pandemic and the racial reckoning that followed the 2020 deaths of Ahmaud Arbery, George Floyd and Breonna Taylor. This was the time when Morse he said the corporate was “an open door to all.”

“We have always felt comfortable being clear about who we are, what we do and how we achieve it,” Price added. “And this is very important for companies like ours.”

According to A test According to the John S. and James L. Knight Foundation, people from historically underrepresented communities manage just 1.4% of the greater than $82 trillion asset management industry, though the investment performance of firms with diverse ownership is comparable to that of their less diverse competitors.

According to P&I, Fairview has achieved various milestones through the years, including receiving commitments from pension funds including the $3.7 billion Dallas City Employees Pension Fund, the $33 billion Los Angeles Fire and Police Pension Fund dollars and the New Jersey Fund price $267.7 billion. York State Joint Retirement Fund.

In addition to pension funds, Fairview has received support from philanthropists and donations from organizations akin to the Ford Foundation.