Massachusetts Mutual Life Insurance Co. is promising additional capital to support diverse, first-time fund managers.

The Springfield insurance company announced that it would dedicate an additional $100 million to its First Fund Initiative, which supports Black, Latinx and Indigenous-led firms that invest in companies making a positive social impact and financial returns. 

MassMutual previously invested $50 million in its First Fund Initiative when it launched in 2021, according to a MassMutual…

Boston Biz Journal https://www.bizjournals.com/boston/inno/stories/fundings/2022/10/07/massmutual-first-fund-initiative-update.html?ana=RSS&s=article_search