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CDFG

Deutsche Bank invests $4.2 mln in Illumen Capital

3 mins read

The FINANCIAL — Deutsche Bank, through its Community Development Finance Group (CDFG), has committed 4.2 million dollars to Illumen Capital, a Black-owned and led fund that develops and incorporates strategies to reduce racial and gender bias in investment decisions. Illumen Capital recently closed 87.9 million dollars of commitments on its first fund, with Deutsche Bank playing a key role as one of its earliest anchor investors.   Jim Baek of CDFG commented that this investment signals Deutsche Bank’s commitment to strengthening diversity and inclusion not only within its own organisation but also in the broader financial services sector. As CDFG seeks new ways to improve…

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Deutsche Bank invests $4.2 mln in Illumen Capital

3 mins read

The FINANCIAL — Deutsche Bank, through its Community Development Finance Group (CDFG), has committed 4.2 million dollars to Illumen Capital, a Black-owned and led fund that develops and incorporates strategies to reduce racial and gender bias in investment decisions. Illumen Capital recently closed 87.9 million dollars of commitments on its first fund, with Deutsche Bank playing…