NEW YORK–(BUSINESS WIRE)–KKR and Harlem Capital Partners (HCP) have launched a partnership to
provide a pathway for talented women and minorities who are early-career
professionals, undergraduates or MBA candidates, to increase their
presence in the investment management industry.
HCP launched its internship program in January 2018 to help provide
access to venture capital opportunities for women and minorities. Since
then, HCP has received over 940 applications and hired 28 interns. HCP
interns typically conduct market research, due diligence, and financial
analysis. Under the new partnership, HCP will refer candidates and
former interns to KKR for consideration in its internship and full-time
hiring programs. KKR is eager to partner with HCP to identify candidates
who are interested in careers in investment management.
“HCP believes that the limited funding for underrepresented founders —
less than 3% of all VC dollars — is due to the lack of diverse
investors. We are changing the face of entrepreneurship by investing
primarily in disruptive startups founded by women and diverse
entrepreneurs,” said Henri Pierre-Jacques, Managing Partner at Harlem
Capital.
“HCP is excited to provide opportunities to diverse candidates trying to
break into venture capital and later stage investing. We continue to be
impressed by our applicant pool and are certain that investment firms
will benefit from this talent,” said Jarrid Tingle, Managing Partner at
Harlem Capital. “We are fortunate to launch this initiative with KKR, an
industry-leading global investment firm that we admire.”
As part of its diversity and inclusion efforts, KKR has focused on
recruiting a broader pool of diverse talent and has put together a
number of initiatives to increase awareness of and access to the firm,
including an MBA Summer Internship Program and a full-time analyst
program.
“Having a more diverse workplace is a business imperative. In order to
accomplish this, we know we have to adjust how and from where we are
sourcing talent,” said Bola Osakwe, Global Head of Inclusion and
Diversity at KKR. “We applaud HCP’s mission and are eager to begin
working together to accomplish our shared goals of enhancing our
industry by enhancing our access to all of the best and brightest
talent.”
About Harlem Capital
Harlem Capital Partners (HCP) is a New York-based early-stage venture
capital firm on a mission to change the face of entrepreneurship by
investing in 1,000 diverse founders over the next 20 years. More
information about HCP is available at www.harlem.capital.
About KKR
KKR is a leading global investment firm that manages multiple
alternative asset classes, including private equity, energy,
infrastructure, real estate and credit, with strategic partners that
manage hedge funds. KKR aims to generate attractive investment returns
for its fund investors by following a patient and disciplined investment
approach, employing world-class people, and driving growth and value
creation with KKR portfolio companies. KKR invests its own capital
alongside the capital it manages for fund investors and provides
financing solutions and investment opportunities through its capital
markets business. References to KKR’s investments may include the
activities of its sponsored funds. For additional information about KKR
& Co. Inc (NYSE:KKR), please visit KKR’s website at www.kkr.com
and on Twitter @KKR_Co.
Contacts
Media:
Harlem Capital
Henri
Pierre-Jacques or Jarrid Tingle
[email protected]
KKR
Kristi Huller or Cara Major
212-230-9722
[email protected]
