Concrete Rose in Formation of Second Impact Investment Fund

August 17, 2023

Cleary Gottlieb represented Concrete Rose Capital (Concrete Rose) in the formation of Concrete Rose Fund II L.P., its second impact investment fundraise.

The fund closed with $97 million of investor capital focused on ventures led by underrepresented founders of color, founders addressing the needs of underrepresented consumers of color, and founders with a demonstrated commitment to creating inclusive cultures and building diverse teams opportunities. This pool of capital enable Concrete Rose to support early stage companies being built to address the needs of underrepresented consumers of color and showcase its deep conviction in the social impact sector.