Mary Reynolds Babcock Foundation

About the fund

Apis & Heritage Capital Partners Fund is a debut private equity vehicle focused on facilitating the conversion of small businesses into worker-owned enterprises, with particular emphasis on benefiting employees of color. Backed by Spring Point Partners and supported by program and mission-related investments, the fund demonstrates how catalytic capital can support first-time fund managers in the employee ownership space. It invests across North America in transactions that advance employee ownership and diversity and inclusion objectives, seeking to deploy capital in a manner that aligns financial returns with measurable social outcomes through equitable business ownership structures. The vehicle is positioned for family office investors seeking exposure to private equity with an explicit stakeholder capitalism and economic justice orientation.