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New Majority Capital raises $5M for new private equity fund

PROVIDENCE – New Majority Capital, which supports people of color and women in acquiring existing businesses, has raised approximately $5 million for its new...
THE BUY-IN: Darryl Lindie, co-founder and president of Providence-based investment firm New Majority Capital, is putting a focus on the entrepreneurship-through-acquisition model. Lindie acquired AA Thrifty Sign & Awning in July 2023. 
PBN PHOTO/­MICHAEL SALERNO

Exits that could help a minority entrepreneur

Rhode Island-based entrepreneur David Owoyemi was no stranger to startups in August 2022, when he was in the middle of launching a new enterprise,...
DRAWING A CROWD: James Davids, co-owner and vintner at Anchor & Hope Wine in East Providence, is aiming to expand the business using an investment-based crowdfunding. The company is looking to open a tasting room. 
PBN PHOTO/­MICHAEL SALERNO

For small business, a new way of getting funding from a...

As small-business owners, Marissa Stashenko and James Davids of Anchor & Hope Wine and Enotap LLC faced the lofty task of converting their property...

New Majority Capital launches with focus on business acquisition for women,...

PROVIDENCE – The word "entrepreneurship" may call to mind a recently opened business  or a new product. But a sometimes overlooked, and often lower-risk,...
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