Small business owners seek a sophisticated mix of equity and debt financing to achieve real success – and to separate themselves from those who are just making a job for themselves. The challenge is: to find out how a small business can access this mix.
Most public and private investment funds have money earmarked for investing in minority companies. On Saturday June 24, 2006 at 9:00 AM the Wells Fargo sponsored African American Business Summit 2006 theme of P3: Power Passion Profit kicks into high gear by bringing together public and private funders to provide valuable information to use to access investor capital for small businesses.
Presented at the Hotel Zoso, 150 South Indian Canyon Drive in Palm Springs, California, the African American Business Summit 2006 provides a unique panel opportunity having the top experts from diverse business sectors in public and private investment funds share their priceless knowledge with attendees. The distinguished line-up of panelists are:
Denise Lynn Nappier - Treasurer of Connecticut - named one of the nation’s 50 Most Powerful Black Women in Business by Black Enterprise Magazine; is the first African American woman elected as a state treasurer in the United States and the first woman elected to a statewide office in Connecticut. As Treasurer, she has primary responsibility for managing and investing her state's $50 BILLION pension fund. Widely respected by her peers, she also serves as Treasurer of the National Association of State Treasurers. She proposed and co-chaired the Institutional Investor Summit on Climate Risk at the United Nations in 2003 and 2005, and has participated as a panelist at the 2004 World Economic Forum in Davos, Switzerland. Ms. Nappier is the moderator of this panel.
Victor MacFarlane - MacFarlane Partners - As Founder and Managing Partner of MacFarlane Partners, Mr. MacFarlane is the leading minority-owned real estate investment manager in the U.S., and developer of urban real estate projects across the country. His company currently has almost $10 BILLION in assets under management. Among his best-known real estate holdings are the Time Warner Center in New York and the Wilshire/Vermont Station in Los Angeles, among many commercial properties throughout the country. Mr. MacFarlane has presented at high level conferences alongside the likes of Former President of the United States Bill Clinton, Ken Lewis and Henry Cisneros.
Gloria Moore Andrews - CalPERS - As Deputy Director of CalPERS, the largest pension fund in the world, with over $200 BILLION in investments, Ms. Moore Andrews reports directly to the CEO.
Her area of responsibility includes providing executive leadership and oversight over the system's operational functions, including human resource management, fiscal planning and budgeting, change management, public affairs, and facilities management and development, including the Headquarters Expansion Project currently nearing completion.
Marcellus Taylor - Aldus Equity - As a Founding Partner of Aldus Equity, Mr. Taylor leads the firm's Emerging Manager program and co-investment programs while playing a key role in the firm's fund selection and due diligence activities. Aldus Equity manages and advises for assets in excess of $1 BILLION for some of the largest and most reputable institutional and private equity limited partners in the country, including the $25 million Wal-Mart fund, established specifically to make investments in minority businesses.
Anita Stephens Graham - Opportunity Capital Partners - As Partner of this private equity firm, Ms. Stephens manages a significant portion of the company's $105 MILLION investment portfolio. She also serves on the Board of Directors of the National Association of Investment Companies and Silicon Valley Community Ventures. She is also a member of the Cornell Entrepreneurial Advisory Council.
About the African American Business Summit 2006
The African American Business Summit 2006 – P³: Power Passion Profit - educates, motivates and empowers entrepreneurs through powerful general sessions, targeted workshops and ample opportunities for direct interaction with corporate partners.
The African American Business Summit 2006 will be held from Wednesday, June 21 to Sunday, June 25, 2006 at the Hotel Zoso, 150 South Indian Canyon Road, Palm Springs, CA. The African American Business Summit 2006 Chairman is Danny J. Bakewell, Sr. successful African American Businessman, Financier, Community Activist, Humanitarian and owner/publisher of the Los Angeles Sentinel Newspaper.
Attendees will have access to expert-led sessions, spectacular keynotes, solution workshops; Keynotes by The Rev. Jesse Jackson and Kelvin Boston, a Business/Vendor fair that will showcase and provide demonstrations from over 25 presenters and outstanding events - such as the TPC Foundation Golf Game on Wednesday June 21st, The Turning Point Magazine/Wells Fargo Living History Makers $5,000 Entrepreneur Award and Opening Luncheon on Thursday, June 22, 2006, Wine Tasting and Art Gallery, P3 Noir Closing Night Party…and more!
More than 800 professionals from all over the United States are expected to attend. All information and events are subject to change so please check the website daily for any updates or changes.