Why BlackGen was founded
BlackGen Capital was founded in November, 2019 at Cornell University. Like many other universities, Cornell had a prominent diversity issue, especially within its finance community. Black and Hispanic students in the school’s finance organizations consisted of less than 5% of total membership. The founders realized that underrepresented minorities had disproportionately less access to financial training and lacked the resources needed to navigate their career paths. With the help of an executive team of 7 other Cornell students, they founded BlackGen Capital to develop the next generation of industry professionals and become the first of its kind to provide active money management opportunities and close the access gap.