Billionaire Steve Ballmer Invests $400 Million in Black Fund Managers
This article is for subscribers only.
Steve Ballmer, the world’s ninth-richest person, is investing $400 million in funds tied to Black venture-capital and private equity managers.
The former Microsoft Corp. chief executive officer, along with his wife Connie, are putting money toward a fund-of-funds strategy with Goldman Sachs Group Inc. and Fairview Capital, according to a statement on the Ballmer Group’s website. They’ll also work with Ariel Investments, GCM Grosvenor Inc. and JPMorgan Chase & Co.