Charles Schwab

About the fund

The Equitable Prosperity Fund is Momentus Capital's inaugural impact vehicle, which closed at USD 171 million and deploys growth-stage and private equity capital across North America. The fund provides non-dilutive equity structures to entrepreneurs in underserved communities, enabling founders to access growth financing while maintaining operational control and reducing reliance on traditional debt. It prioritizes investments in healthcare and healthy food systems, with particular emphasis on businesses advancing economic opportunity, financial inclusion, and community development in historically underestimated markets. The fund supports diverse and employee ownership models within small and mid-market enterprises, targeting measurable outcomes across health, education, and local economic wellbeing. It accepts capital from foundations, institutional investors, and accredited individuals.