LaPhair Capital Partners – a minority-led influencer-backed and performance-driven venture capital fund – recently announced the launch of their flagship Alpha Fund I, with a target size of $100 million. Alpha Fund I will invest in companies focused on social responsibility in underserved communities within high-growth markets.
This new fund’s deployment will focus on innovative early-stage, Series A/B, and growth-stage companies – enabling them to emerge as market leaders. The company seeks at least 35% in annualized returns for the fund with horizontal and/or vertical leverage opportunities.
Alpha Fund I is aiming to help close the gap of systemic disparities by backing world-class ideas – unlocking major economic growth opportunities. According to a McKinsey & Company report, additional consumption opportunities from closing systemic Black inequalities in terms of jobs, wages, housing, and investments is a $1 trillion to $1.5 trillion opportunity within the US alone.
To transform groundbreaking ideas into successful businesses, LaPhair Capital Partners is looking to create a ripple effect across the venture capital world.
One of Alpha Fund I’s target investments is Kinexx Modular Construction. Kinexx builds homes in less than ten days using a unique construction process targeted to address urban infill for those previously unable to afford a home. And the company aims to help solve for the estimated 7+ million home shortage in the US.
LaPhair had led an initial investment round in the company a couple of years ago. The investors included current and former professional athletes across the NFL, MLB and NBA. Influencer participation by those focused on social responsibility and advancing community building is unique to the LaPhair model.
The Alpha Fund I is going to further accelerate the growth of the venture capital ecosystem to meet the increasing demand for products and services from high-growth, underleveraged companies that service under-invested consumers in minority markets.
KEY QUOTES:
“There are no limits on return when you invest in people. We are fortunate to work with outstanding individuals who understand value and social responsibility are not mutually exclusive.”
— Adrian Muhammad, Managing Partner at LaPhair Capital Partners
“Investing with purpose transforms capital into catalysts for positive change. For me, this isn’t just a financial choice; it’s a commitment to shaping a world where returns aren’t just measured in dollars, but in the positive impact we leave on communities and the planet.”
— Alec Ogletree, former NFL linebacker and General Partner of Alpha Fund I
