Ariel Alternatives
PE · New York · United States
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Profile
Ariel Alternatives is a private equity firm based in Chicago, Illinois, founded in 2021 by Mellody Hobson and Leslie A. Brun. The firm is affiliated with Ariel Investments and focuses on scaling sustainable, middle-market, minority-owned businesses. With a team of 19 professionals, Ariel Alternatives is committed to creating value through strategic investments and fostering diversity in its operations. The firm primarily invests in middle-market companies across North America, with a focus on sectors such as industrial services, educational software, and other commercial services. Ariel Alternatives operates with a significant asset under management, including its flagship fund, Project Black, LP, which launched in 2023 with $1.5 billion. The firm targets buyout opportunities and aims to enhance vendor diversity among Fortune 500 companies. Notable investments by Ariel Alternatives include Taylor's Industrial Coatings - a provider of industrial coating services, Front Line Power Construction - a power infrastructure company, and Groome Industrial Service Group - a provider of industrial cleaning services. These investments reflect the firm's strategy of supporting businesses that contribute to economic growth and diversity.
Contacts (2)
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