Capital Campaign
GroundBreak is working on a nation-leading plan to unlock $5.3 billion in capital over the next 10-years to build Black wealth and close racial wealth disparities in Minnesota across the board through homeownership, entrepreneurship, commercial development, and rental housing.
GroundBreak has secured $927.7 million in capital commitments from 12 early investors.
Pledges include flexible capital for GroundBreak’s Grant, Guarantee, and Low-Cost, Patient Capital Pools and lending.
How You Can Join Us
In 2024, GroundBreak is securing capital commitments from financial, corporate, philanthropic, and public partners, as well as individual investors. Together, we are working to raise $250 million in flexible capital by December.
Through GroundBreak’s financial system, every $1 in flexible capital unlocks over $3 in private market capital, allowing our region to scale solutions that remove barriers for Black and BIPOC wealth builders.
GroundBreak needs to close a $123 million flexible capital gap by December to achieve our goals.
We are asking institutions and individual investors to reimagine how capital could be invested in our community to expand wealth-building opportunities and create a more equitable and prosperous region for all.
GroundBreak is seeking
Investments in GroundBreak’s low-cost, patient capital pool to unlock essential financing for aspiring homeowners and commercial developers. We are asking individuals to consider how a return of capital, instead of a return on capital can transform possibilities for wealth-builders in our community.
Investments in GroundBreak’s grants pool to bridge critical one-time funding gaps wealth builders face when buying a home, starting a business, or developing commercial property.
Pledges to GroundBreak’s guarantee pool that enables our region to unlock unprecedented private market capital and reimagine how and where money flows, so more entrepreneurs and commercial developers have the opportunity to achieve their aspirations in the MSP region.
Together, we can create a more equitable and prosperous region for all.
Join us! To learn more, contact Erin Imon Gavin at egavin@mcknight.org.