202114 Jan
Veteran Investor Damien Dwin Launches Lafayette Square with $100 Million Financing from Morgan Stanley
Type
Funding Rounds
Funding
202114 Jan
$100MOthers
Source
Prnewswire
Summary

The economic fallout of COVID-19 and the social justice movement of 2020 have reinforced the inadequacies of the traditional financial paradigm and made a powerful case for a new, more inclusive investment model," said Mr. Dwin. "Morgan Stanley is proud to partner with Damien and the Lafayette Square team to address critical societal challenges with thoughtful and scalable investment solutions. We are committed to supporting inclusion and diversity in underserved communities, and we have strong conviction in Lafayette Squares innovative approach to enact meaningful change," said Thomas R. Nides, Vice Chairman of Morgan Stanley. Their new model combines the best facets of capitalism and humanitarianism to enable real change in communities trapped in cycles of poverty and to promote diversity among future generations of financial leaders." "We have strong conviction in Lafayettes sustainable investment approach that aligns with our philanthropic efforts to strengthen communities and advance social equity in a dignified manner."

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