New Majority Capital

New Majority Capital is an impact investment firm based in Wakefield that works on closing persistent wealth gaps in the United States through entrepreneurship through acquisition, often shortened to ETA. Rather than starting companies from scratch, the entrepreneurs it backs step into ownership of proven, already successful small businesses. The firm describes impact as its north star and seeks to help emerging entrepreneurs become owners.

For aspiring owners, the firm runs bETA, a program designed to give underrepresented individuals the knowledge, tools and access to capital needed to acquire and run an existing business. Its team offers guidance through each stage of a deal, from defining the rationale for a purchase to identifying the risks and opportunities involved. The work is pitched as a route to generating wealth for entrepreneurs and their families.

What to Know

• Its deal structures are designed to give investors competitive returns while offering entrepreneurs non-extractive capital.
• The firm frames its work as fueling economic resilience and building wealth in overlooked communities.
• It is a member of the Greater Boston Chamber of Commerce.