SHOPPE BLACK

Adebayo Ogunlesi’s Infrastructure Fund Acquired by BlackRock for $12.5 Billion

3 mins read
Adebayo Ogunlesi

In a groundbreaking move poised to redefine the global infrastructure landscape, BlackRock, the world’s largest asset manager, has entered into a monumental deal to acquire Global Infrastructure Partners (GIP) for a staggering $12.5 billion.

Global Infrastructure Partners (GIP) is a leading infrastructure investor that specializes in investing in, owning, and operating some of the largest and most complex assets across the energy, transport, digital infrastructure, and water and waste management sectors.

The agreement, expected to be finalized in Q3 2024, involves a payment of $3 billion in cash and approximately 12 million shares, valued at around $9.5 billion based on January 11 closing prices.

At the forefront of this strategic merger is Adebayo Ogunlesi, the Chairman and CEO of Global Infrastructure Partners. Ogunlesi, along with four founding partners, leads the GIP management team, playing a pivotal role in guiding the combined infrastructure platform. As the Chairman and CEO of GIP, Ogunlesi is strategically positioned to navigate the integration of GIP and BlackRock operations, expanding his influence beyond the boardroom to orchestrate a consolidation that maximizes synergies while minimizing disruption.

The significance of this deal is underscored by its timing, making it BlackRock’s largest transaction since the acquisition of Barclays Global Investors in 2009. This strategic move reflects BlackRock’s ambition to solidify its position in the rapidly expanding market for private and alternative assets.

The GIP management team, under Ogunlesi’s leadership, is not only instrumental in the merger but also represents a continuation of GIP’s legacy in infrastructure funds management. GIP currently oversees a portfolio valued at about $100 billion, with companies within its equity portfolio collectively generating an impressive annual revenue of $80 billion. Notable assets in GIP’s portfolio include Gatwick Airport, London City Airport, Port of Brisbane, Port of Melbourne, Sydney Airport, and the Ruby Pipeline, a 680-mile gas pipeline in the US.

This strategic partnership between BlackRock and GIP is more than a mere acquisition; it’s a calculated alliance leveraging the strengths of both entities. BlackRock gains immediate access to GIP’s proven expertise and established portfolio, while Adebayo Ogunlesi secures his legacy by assuming a crucial role in the newly formed entity.

The $12.5 billion BlackRock-GIP merger is set against the backdrop of a growing trend in the alternatives market. Infrastructure has emerged as a lucrative investment opportunity as investors seek to profit from addressing a projected $15 trillion spending gap in global infrastructure by the end of the decade, as projected by McKinsey consultants.

This strategic partnership holds the promise of driving innovation, democratizing access to investments, and prioritizing sustainability in the global infrastructure landscape. With Adebayo Ogunlesi’s visionary leadership and the backing of the GIP management team, the BlackRock-GIP alliance sets the stage for a future built on vision, expertise, and a commitment to shaping a more connected and sustainable world.

by Tony O. Lawson

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Most Sneakers Are Not Built for Women’s Feet

3 mins read
Sneakers

Imagine effortlessly gliding through your run, each step feeling like a natural extension of your movement. Envision shoes that seamlessly merge with your feet, offering both support and momentum as you propel forward.

It sounds like a dream, doesn’t it? Yet, for many women, the reality of running often involves painful blisters, sore ankles, and a persistent feeling that something isn’t quite aligned.

The truth behind this discomfort lies in the design of most sneakers available. Surprisingly, many of these shoes weren’t crafted with women’s feet in mind. Traditionally, manufacturers followed a “shrink it and pink it” strategy, essentially resizing men’s shoe structures and adding pink or purple colors.

Allyson Felix, an Olympic icon and the founder of women’s footwear brand, Saysh, delves into this issue: “Unlocking the secrets behind making shoes was an eye-opener for me. It’s surprisingly straightforward, but I never gave it much thought. Think about this: shoes are shaped based on a mold of a foot, but here’s what’s shocking – most brands (yes, the ones you’re picturing right now) have been using a man’s foot as the template, even for so-called ‘women’s’ shoes.”

Allyson’s realization mirrors a glaring gap in the footwear industry. Women’s feet differ significantly from men’s—they tend to have wider forefeet, higher arches, and different heel structures. Squeezing these unique feet into shoes designed for a different anatomy only leads to pain and dissatisfaction.

Sneakers

This oversight is where Saysh excels. Their FemiformityFIT Technology is tailored specifically to women’s feet. Podiatrist, Dr. Sandi Nagata, underscores the importance of such innovation: “Many women face discomfort due to ill-fitting shoes while running, which can discourage them from continuing. Having a running shoe that considers the individual foot’s structure, especially for beginners, is crucial in preventing unnecessary pain.”

Saysh takes pride in supporting women through every stride, especially during motherhood. For every customer who becomes an expectant mother, they send a fresh pair of sneakers in a new size, free of charge. 

Allyson’s journey speaks volumes about the transformation these shoes offer. It was in her own Saysh shoes that she returned to the Olympics, becoming the most decorated track and field athlete. This personal testament exemplifies the power of footwear designed to embrace women’s distinct anatomical needs.

Sneakers

Saysh invites women to prioritize comfort and performance in their running experiences, ushering in a future where each stride is a testament to empowerment, support, and celebration of individuality.

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Health In Her HUE Raises $3 Million to Bridge Racial Health Disparities

3 mins read

Health In Her HUE is a digital health platform dedicated to tackling racial health disparities for Black women and women of color. The company recently announced the successful closure of a $3 million seed funding round, marking a pivotal moment in its mission to revolutionize healthcare access through technology and community-driven initiatives.

Founded in 2018 by Ashlee Wisdom, Health In Her HUE emerged with a clear goal: to create a supportive ecosystem that empowers women of color by connecting them with culturally responsive healthcare providers and vital health-related information.

Health In Her HUE

This funding round, led by Seae Ventures, includes backers such as Johnson & Johnson Impact Ventures, Morgan Stanley Inclusive Ventures Lab, Genius Guild, HBCU Founders Fund, Stanford Impact Fund, and a group of angel investors.

Health In Her HUE’s platform includes an array of offerings aimed at addressing the unique healthcare needs of its nearly 13,000 members. The platform encompasses a comprehensive directory featuring over 1,300 diverse healthcare providers across 60 specialties. This directory empowers members to personalize their healthcare journey by connecting with providers who understand and cater to their cultural nuances and individual requirements.

Furthermore, the platform offers an extensive collection of educational health content through various mediums, including long and short-form videos, articles, and live virtual events. These resources serve as informative tools, ensuring women remain informed and engaged in managing their healthcare effectively.

Central to its impact is the vibrant community fostered by Health In Her HUE. Forums and programs, such as the Care Squad Program, provide spaces for women to engage, learn from each other’s experiences, and access peer support groups curated by healthcare professionals. Topics range from fibroids and fertility to mental health, addressing critical issues often overlooked in conventional healthcare settings.

Wisdom expressed pride in the platform’s achievements and emphasized her firsthand understanding of the challenges faced by women of color within the healthcare system. Her vision to provide a safe and inclusive space where women feel seen and heard while receiving quality care has been the driving force behind Health In Her HUE’s growth and impact.

The success of this recent funding round marks the second significant investment received by the company, bringing the total investment to $4.2 million. It not only highlights investor confidence but also underscores the urgent need to address racial health disparities, acknowledging the pivotal role technology and community engagement play in effecting meaningful change.

by Tony O. Lawson

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Kwely: Empowering Africa’s Exporters in a $250 Billion Market

10 mins read
Kwely

Kwely is a B2B wholesale distribution platform dedicated to harnessing Africa’s extensive trade possibilities, driven by the recognition of a substantial untapped export market valued at $250 billion.

In this interview, Kwely founder and CEO Birame Sock discusses the platform’s beginnings, fueled by the ambition to transform global markets for African suppliers.

What inspired you to start Kwely?

The inspiration behind founding Kwely stemmed from recognizing the substantial challenges faced by African suppliers in accessing international markets.

Witnessing the untapped export potential of $250 billion from Sub-Saharan countries, particularly with 72% being exported outside the continent, prompted a determination to overcome existing obstacles hindering Africa from tapping into this vast market.

The vision emerged from a desire to revolutionize the global trade landscape for African products, addressing issues like poor marketing, branding strategies, and low-volume manufacturing processes. The goal was to create a transformative B2B e-commerce platform, ultimately establishing Kwely as a pivotal player in connecting African suppliers with international buyers.

Are there shifts in consumer behavior or emerging markets that could impact the sourcing of African products?

Yes, several shifts in consumer behavior and emerging market trends could significantly impact the sourcing of African products. Firstly, the global trend towards conscious consumerism and sustainability has led to an increased demand for ethically sourced and environmentally friendly products. African goods, often rooted in natural and sustainable practices, are well-positioned to meet this growing demand. 

Additionally, the rise of e-commerce and the increasing preference for online shopping provide an opportunity for African products to reach a broader international audience. With Kwely operating as a B2B e-commerce platform, it aligns with the shift towards digital sourcing and facilitates the streamlined procurement of African goods.

Moreover, the diversification of product offerings, particularly in the health and wellness sector, aligns with the growing interest in natural and traditional remedies. African products like Moringa, Hibiscus, or Baobab-based items, as emphasized by Kwely, tap into this emerging market trend.

Overall, the evolving landscape of consumer preferences and the rise of online markets present favorable conditions for the sourcing of African products, positioning Kwely strategically in the global trade landscape.

What are the primary obstacles faced by African manufacturers in entering global markets, and how does Kwely help them overcome these hurdles to meet international standards?

African manufacturers face several obstacles when entering global markets, and Kwely plays a crucial role in helping them overcome these challenges to meet international standards. Some primary obstacles include:

Limited Market Access: Many African manufacturers struggle with limited access to global markets due to poor infrastructure, trade barriers, and a lack of visibility. Kwely addresses this by developing a wide distribution network through various channels including a B2B e-commerce platform that serves as a marketplace, providing a streamlined channel for international buyers to discover and purchase African products.

Inadequate Branding and Marketing: Local suppliers often lack effective branding and marketing strategies, making it challenging to compete on a global scale. Kwely’s TEKKI Challenge addresses this issue by incubating and elevating local brands for global export. The initiative ensures that products meet international standards and FDA requirements, enhancing their marketability.

Low-Volume Manufacturing Processes: Many African manufacturers operate on a smaller scale, leading to challenges in meeting the demand of international markets. Kwely tackles this obstacle by supporting local suppliers through the syndication of multiple suppliers that all follow the same production standards and partnerships with financing programs to help support suppliers to scale up their production capacity. This contributes to overcoming the hurdle of low-volume manufacturing.

Poor Financing Options: Access to financing is a common challenge for African manufacturers. Kwely recognizes the importance of resolving this issue to scale up production. The company focuses not only on technology but also on acting as the gateway between customers and suppliers thereby pre-financing certain expenses on behalf of the suppliers such as branding development and packaging purchasing. In creating higher demand, suppliers can qualify for certain loans that would allow them to fulfill the orders.

Packaging and Quality Assurance: Meeting international packaging standards and ensuring product quality are critical for global acceptance. Kwely provides in-house packaging services, supporting local suppliers in designing export-ready packaging that adheres to global quality standards. Additionally, the company implements rigorous quality assurance processes to guarantee that products listed on its platform are export-ready through a co-packing facility which allows Kwely to ensure that the packing process meets the standards.

By addressing these obstacles, Kwely acts as a catalyst for African manufacturers, enabling them to navigate the complexities of global markets and meet international standards more effectively.

What are your primary goals or aspirations for Kwely in the next few years? 

Our primary goals and aspirations for Kwely in the next few years include:

Global Distribution Leadership: Establishing Kwely as a leading global distributor of African products, emphasizing its role as a primary connector between African suppliers and international buyers.

Market Expansion: Focusing on expanding the market presence of African products beyond the continent, particularly targeting the U.S. market. This involves strategic partnerships, engagement with major U.S. retailers, and listing products on platforms like Amazon.

Brand Incubation Success: Ensuring the success of the TEKKI Challenge and brand incubation program, elevating the quality and recognition of made-in-Africa products. The goal is to empower local suppliers, fostering their growth from small enterprises to significant players in the African industrial sector.

Economic Impact: Contributing to job creation and the development of a comprehensive ecosystem, spanning agricultural initiatives, industrial production facilities, and branding and marketing services. The aim is to have a positive economic impact on local communities.

Financial Growth: Securing additional funds through ongoing fundraising efforts to support Kwely’s expansion plans and facilitate its transition into the U.S. market. This includes projections of substantial revenue growth, with a forecast exceeding $2 million by December 2024.

Sustainability and Quality: Maintaining a commitment to sustainability and quality assurance in every stage of the export process. This involves ensuring that products meet international standards and providing a holistic solution for both suppliers and buyers.

What advice would you give to other B2B marketplace founders?

My advice for other B2B marketplace founders:

  1. Understanding the Market Dynamics: For B2B marketplaces in developing countries, delve beyond technology and comprehend the gaps between buyers and suppliers. Construct your marketplace as a bridge, addressing concerns from both sides that hindered their initial business interactions.
  2. Phased Marketplace Development: Build your marketplace incrementally. Identify low-hanging fruit in terms of products, brands, and categories. Cast a wide net to identify your first customers and refine your platform based on real-world feedback.
  3. Data-Driven Decision-Making: Embrace a data-centric approach. Implement the 80-20 rule, recognizing that a minority of your products will likely contribute to the majority of your revenue. Focus marketing efforts on high-performing products and adapt to changing market dynamics. Understand that the set of high-performing products may evolve over time or with seasons. Stay agile and adapt your strategies based on real-time insights to ensure sustained marketplace success.
  4. MANAGE YOUR INVENTORY! Only buy what you need based on short term forecasts until you have a strong handle on your customer demand.

by Tony O. Lawson

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Icon Heritage Partners CEO on the Untapped Power of Tax Credit Financing in Real Estate Development

10 mins read

In the world of real estate development, the utilization of Low Income Housing Tax Credits (LIHTC) stands as a pivotal force, reshaping the landscape of affordable housing projects.

In this interview, Fabiola Fleuranvil, CEO of Icon Heritage Partners shares the intricate strategies and transformative power of tax credit financing. Her insights shed light on how these credits have evolved into a fundamental pillar for developers, igniting a fresh era of affordable housing solutions.

What sparked your interest in real estate development?

I’m a left brain – right brain person and have always had both analytical/strategic and creative strengths. I’m a lifelong entrepreneur and have always been one since the 7th grade. I’ve never held a real job out of college and immediately started my marketing agency immediately after graduating with an MBA in 2005 and we’re still in business all these years later. At the same time, my left brain took an immediate fascination with investing and that’s when I purchased my first investment property after graduation and started the parallel paths of running both a marketing firm and real estate business.

At the time and as you can imagine, and since I opted out of the corporate world, I didn’t have the typical qualifications to purchase the investment property (i.e. W2 income, credit, etc). What I did have was the creativity and strategy to put the deal together and I partnered with a friend who loaned the down payment money and another who was the guarantor. They trusted that I knew what I was doing because I would sit at Barnes & Noble for hours reading all of the real estate books for free learning all the strategies and fundamentals from the big guys.

So I purchased the first investment property, made my partner whole within the first 30 days, and because the property had a lot of equity in it, I was able to provide a profit split again in less than 6 months. I was able to do that a few times before the market crashed in 2007. And then I had to sit my butt down somewhere and recover and grow up. That’s when wisdom takes place and you sharpen your toolbox and become more prudent. Don’t run from failure!

What drew you specifically to tax credit financing as a niche within real estate development?

I admitted I knew nothing about affordable housing and the various financing tools to do deals. I’m an accidental affordable housing developer but it was also because I was prepared, willing to adapt and understood financial modeling.

It happened when I purchased the 138-unit building in Detroit. I closed on it the day of the mandated shut down which was a gut punch but turned out to be a blessing. My initial plan for the building was to redevelop it as senior housing since that was its prior use and had been distressed and vacant for years.

I initially planned to develop it as affordable assisted living after an introduction to an individual who created the first affordable assisted living facility in the entire country. This model was attractive because assisted living is never affordable but this model focused on Medicaid waivers to make it affordable.

During my first meeting with a potential lender to discuss financing the property, he mentioned that they mostly do Low Income Housing Tax Credits and not traditional financing. And that’s when the shift happened. I went back and studied this for 3 weeks night and day and became a mini expert at modeling LIHTC deals.

LIHTC is a very complicated financing structure that very few developers ever get to leverage let alone Black and women developers, but it is single-handedly the number one contributor to how affordable housing gets developed. These tax credits get allocated by the federal government to each state who then allocates them under two separate financing buckets – 4% and 9% – that are awarded to affordable housing developments as equity into the deals in exchange for keeping the rents affordable typically not exceeding 60% of the area’s Average Median Income (AMI).

LIHTC can reduce the debt burden by anywhere from 40%-80% of the total development cost which essentially means that these developments can afford to keep rents affordable because the loan is much lower than average. In layman’s terms, a $20 million multifamily development being financed with LIHTC can reasonably have just a $2-4million loan due to the rest of the development costs being financed through equity in the form of the tax credits.

It’s too complicated to explain to the average person but there’s a niche of developers who focus largely on affordable housing because it requires less out of pocket equity to get deals done but there’s a high barrier to entry to doing these deals. And now I’ve become one of those developers since my development was successfully awarded 4% and 9% LIHTC after a very arduous 3 ½ process and I’m working on a couple other LIHTC deals in my pipeline.

In your experience, how crucial is it for real estate developers to grasp macroeconomic fundamentals, and how do these factors influence your decision-making process?

You have to be a student of the economy. The economy is cyclical and we so quickly forget that. It’s also important to understand financial modeling so that you can read and interpret financial analysis and understand what it means for the deal’s fundamentals.

What advice would you give to budding real estate developers interested in exploring tax credit financing as a means of funding their projects?

Tax credit financing is not for the faint of heart. It’s not something that you just get into. It’s a good ole boy’s circle for a reason. There’s a lot of complexities to structuring these deals and quite a bit of experience is needed. If you run into it head in like I did you better have patient capital. It took me 3 application rounds in 3.5 years before I got funded and I still have about 8-12 months before I close and can be shovel ready.

I say that to say that because access to capital is always the biggest barrier for emerging, Black and women developers, LIHTC would make a lot of sense since it requires much less equity at the table than a market rate deal and the debt size is much lower. However, this is not a sector where you can just experiment. These are federal dollars which come with a lot of compliance and restrictions that you need to deeply understand.

If you’re really interested in these types of financial tools, your best bet is to partner with an experienced LIHTC developer, which means that you will have to give up equity in your deal even if it is your deal that you invested your own money into. In fact, many LIHTC deals are done between experienced LIHTC developers. You can also become a student of the game and dig deep into the research and read the tons of available information you can find just by searching for it.

In fact, each state has a Qualified Allocation Plan (QAP), which essentially spells out the application and scoring requirements for LIHTC. Pick one and read it. There are affordable housing conferences that you can attend as well as organizations like Urban Land Institute that you can become a member of.

by Tony O. Lawson

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Robin AI’s $26M Raise Reshapes Legal Tech

3 mins read
robin ai

Robin AI, a pioneering legal technology company headquartered in London, has secured a$26 million Series B investment, propelling them to the forefront of the burgeoning AI-powered legal solutions market.

Announced on January 2nd, 2024, this raise brings their total funding to $43.6 million and underscores widespread investor confidence in their transformative vision for the legal landscape.

Established in 2019 by Richard Robinson, an attorney at Clifford Chance, and James Clough, a machine learning research scientist at Imperial College, Robin AI has been on a trajectory of pioneering advancements in the legal tech realm.

robin ai

At the heart of Robin AI’s success lies its innovative AI-powered “copilot” technology. This sophisticated system integrates cutting-edge generative AI models, like Anthropic’s Claude, to automate and optimize various legal tasks. From meticulously drafting airtight contracts to efficiently extracting key data from complex documents, the AI copilot empowers lawyers to dedicate their expertise to high-value, strategic aspects of their practice.

The Series B round, led by Temasek, a prominent Singaporean sovereign wealth fund, and joined by esteemed investment firms QuantumLight, Plural, and AFG Partners, represents a substantial endorsement of Robin AI’s rapid growth and future potential. The secured funds will be strategically allocated to fuel the company’s ambitious expansion plans across three key areas:

1. Bolstering US Dominance: Recognizing the lucrative US market where 75% of their current revenue originates, Robin AI plans to solidify its position, scaling its operations and capitalizing on its established footprint.

2. Establishing Asian Foothold: Leveraging Temasek’s regional expertise and the burgeoning legal tech market in Asia, Robin AI will establish an office in Singapore, spearheading their expansion into the Asia Pacific region.

3. Sharpening AI Prowess: Committed to continuous innovation, Robin AI will reinvest in research and development, further refining their AI capabilities and ensuring their technology remains at the cutting edge of the legal tech landscape.

Beyond the financial significance, this landmark investment signifies a seismic shift within the legal industry. It serves as a powerful testament to the transformative potential of AI in legal practice, paving the way for increased efficiency, reduced costs, and ultimately, improved legal outcomes for clients.

by Tony O. Lawson

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BlackDVM Network: Championing Representation and Support for Black Veterinary Professionals

7 mins read
BlackDVM Network

BlackDVM Network is a networking community that serves as a safe space for Black veterinarians, technicians and assistants to connect, learn, and empower one another.

In this interview, we caught up with Dr. Tierra Price, the visionary catalyst behind the BlackDVM Network. We trace its genesis from an Instagram page highlighting Black voices in veterinary medicine to its transformation into an organization fostering community, resources, and support, we uncover the inspirations, challenges, and aspirations fueling this remarkable movement toward a more inclusive and representative veterinary landscape.

Dr. Tierra Price

What inspired you to create the BlackDVM Network?

I believe my purpose is to close the gap in representation of and resources for Black veterinary professionals, including but not limited to the positions of veterinarians, technicians, assistants, practice managers, public health officers, practice owners, and leadership in governing bodies. 

As a veterinary student, I often felt isolated from my classmates and colleagues in the profession of veterinary medicine. In the process of looking for mentors and colleagues I could relate to, I started an Instagram page @blackdvmnetwork to find and highlight Black veterinarians and veterinary students. This is when I realized there was a large gap in resources for Black veterinary professionals and clients and decided to develop BlackDVM Network into an organization.

I also saw the need for inclusion and a paradigm shift in the veterinary community. At times I asked myself, “Why am I doing this?” and really wanted to give up on the idea, especially since BlackDVM Network is the first of its kind as a for-profit social organization in veterinary medicine. But each time I hit a plateau, I’d receive a DM from a student or client about how grateful they were for our page and how we were encouraging them to pursue their passion. Each time I talked with someone I recognized how much an organization like BlackDVM Network could do for the community.

Dr. Courtleigh Watson

BlackDVM Network collaborates with various organizations and institutions. How do these partnerships enhance the network’s impact and reach?

Our overall mission is to create a safer space for Black veterinarians, technicians, and assistants to connect, learn, and empower one another. We provide a community for Black veterinary professionals to advance their careers and access economic opportunities. Our dedicated partners and the tangible & intangible resources that they provide to our members and our organization as a whole through various sponsorship opportunities enable us to accomplish that lofty and important mission that we have set to achieve.  

Dr. Maya Gifford

In addition to its mission-driven initiatives, the BlackDVM Network actively promotes endeavors that directly contribute to the advancement of Black veterinary professionals. One such impactful initiative is the 2024 BlackDVM Network Calendar, an embodiment of resilience, courage, and love within the veterinary field. Featuring 13 exceptional Black DVMs, veterinary students, and other vet med professionals, this calendar not only serves as a decorative piece in offices and clinics but also shares their inspiring stories.

A portion of the proceeds from calendar sales directly supports the Dr. Jodie G. Blackwell Scholarship Fund for Black veterinary students at Tuskegee University. In 2021, this initiative raised over $100K, providing support to 4 students, and in 2024, the network aims to surpass this remarkable achievement with the continued support of the community. 

Buy 3, Get 1 Free using code BUY3 at checkout. 

In what ways do you contribute to fostering diversity and inclusion within the broader veterinary community?

BlackDVM Network is an online platform for the empowerment of Black veterinarians, technicians, assistants, and students. Our vision is to elevate Black veterinary professionals to their highest potential. We believe successful veterinary professionals are core to the advancement of veterinary medicine.

We offer webinars, discounts, events, education, coaching, and resources to our members who are true thought leaders in the veterinary industry and are ready to make a difference. 

Our mission is to develop successful professionals who can inspire others from diverse backgrounds. As a profession that is less than 2% Black, we hope to change the “norm” and show pet owners as well as aspiring veterinarians that (even if it’s a small number) there are veterinary professionals they can relate to.

Dr. Kyle Granger

How do you envision the network evolving in the next few years, and what impact do you hope it will have on the veterinary profession?

In the next few years, we will continue working toward the following four goals:

  • Increasing connectivity: connecting individuals within the Black veterinary community and with others (industry, practices, other employers; pet parents, the general public, etc.) 
  • Educating and developing individuals within the Black veterinary community within our five focus areas: Medicine, Wellness, Financial Literacy, Entrepreneurship, Professional Development 
  • Driving individuals within the Black veterinary community to action towards their dreams and goals in vet med. 
  • Creating successful Black veterinary professionals who feel confident contributing to our industry.

Purchase the 2024 BlackDVM Network Calendar here

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Capturing Culture: Photographer Laylah Amatullah Barrayn’s Lens on Identity and Change

9 mins read
Laylah Amatullah Barrayn

Meet Laylah Amatullah Barrayn—a photographer and author ignited by her family’s photo album and mentored by luminaries like Jamel Shabazz and Dr. Deborah Willis. Inspired by their purposeful storytelling, she wields her camera as a force for change.

In this interview, Laylah shares her thoughts on the transformative power of photography, challenges stereotypes, and unveils her latest project, “Day One DNA: 50 Years in Hip Hop Culture,” reflecting her commitment to celebrating narratives within the Black diaspora.

Laylah Amatullah Barrayn
Installation photographs from Day One DNA: 50 Years in Hiphop Culture, on view at the Ethelbert Cooper Gallery at Harvard University. Photo by Anthony Artis

What drew you to the world of photography? 

I was drawn to the photograph from my family photo album. I saw the power in our family photographs early on because those images were able to convey ​so much about building and refining my own identity as a first generation New Yorker via the Great American Migration. I was drawn to photography by the robust community that I encountered as a young person in New York City.

I saw masters in action, who embraced me and guided me, photographers like Jamel Shabazz, Dr. Deborah Willis, and Chester Higgins.​ They worked with a clear purpose to share the strength, vast history, culture, and beauty of our community. These photographers worked with authenticity and integrity. It has been so inspiring how they used their cameras to positively influence the world in which we live. 

In what ways do you think photography can be a tool for challenging stereotypes and promoting cultural understanding, especially concerning marginalized communities?

Photography can be used as a catalyst for change when marginalized communities reclaim their narratives through the lens of their own. ​Through our own ‘gaze’ we can define ourselves through sharing first-person accounts that are rooted in lived experiences, tradition, and culture. ​

It is also powerful when we establish platforms such as SHOPPE BLACK when we self-publish and create other initiatives to share our stories. And even though we don’t own the major social media platforms, using them strategically can draw attention to stories and perspectives that have not been amplified, which can in turn contribute to more inclusive storytelling.

Could you share the significance of this latest project, “Day One DNA: 50 Years in Hiphop Culture,” in the context of your body of work?

​Most of my work has been storytelling through documentary photography​ and essay writing, this is where I’ve delved into narratives, communities, and traditions within the Black diaspora. ​My work has appeared in publications like The New York Times, Ebony, and National Geographic.

My work has also been included in a number of books on photography. In 2017, I ​co-authored “MFON: Women Photographers of the African Diaspora”, ​this project ​presented the ideas, perspectives, and experiences ​of African and Black diasporic women photographers. My most recent book is “We Are Present.”

I’ve also curated exhibitions, another form of storytelling. My current curatorial project, “Day One DNA: 50 Years in Hip Hop Culture,” explores the friendship and artistic partnership between two iconic hip-hop artists, Ice-T and DJ Africa Islam. By delving into their archives, we gain insight into the early days of hip hop, witnessing its evolution and the experiences of its pioneers as they laid the foundation for the culture.

Rapper/Actor Ice T speaks with Day One DNA curator Laylah Amatullah Barrayn and Professor Henry Louis Gates, Jr at the Copper Gallery. Credit: Anthony Artis

“Day One DNA” serves as both an exhibition and archival project, aligning with my broader exploration of the contributions of the Black diaspora. Hip hop, as a cultural phenomenon, emerges from the collaborative efforts of individuals across Caribbean, Latino, and African-American communities, shaping the dynamic art form and culture that we now have come to know and appreciate as hip hop.

Laylah Amatullah Barrayn
Installation photographs from Day One DNA: 50 Years in Hiphop Culture, on view at the Ethelbert Cooper Gallery at Harvard University. Photo by Anthony Artis

Could you highlight some of the standout artifacts or elements within the exhibition that hold particular significance for you or tell compelling stories?

The exhibition has over 200 artifacts. As a photographer, I loved going through the photo albums, and handling prints from the ‘70s and ’80s that developed from film. Many of these photos are candid moments of Ice T and DJ Afrika Islam on tour with artists like KRS-One and Biz Markie. “Day One DNA” features over 800 vinyl pieces, including first-run records by iconic artists such as James Brown, Aretha Franklin, and Isaac Hayes. These records laid the foundation for DJs and producers to some of the most classic hip hop tracks.

The clothing is another favorite, black leather medallions—a staple from the ‘80s—and an array of custom-made jackets and suits. Additionally, shirts and sweaters from iconic hip hop brands like FUBU and Karl Kani. One of my favorite pieces in the show is a custom-made “tuxedo” jacket made from African wax print, showcasing a portrait of Malcolm X. This commemorative piece resonates so deeply, it shows the legacy of our “shining Black prince” endures through music, hip hop lyrics, and even through fashion. It’s definitely one of my favorite pieces in the exhibition.

What do you hope visitors will take away from experiencing this exhibition, both in terms of knowledge and emotional impact?

I want visitors to develop a deep appreciation for the foundational elements of hip hop. I want visitors to be inspired by the creative, entrepreneurial spirit, and drive inherent in the culture. I want visitors to leave feeling empowered to create something unique, taking pride in the grassroots cultures and communities they belong to. Also, I hope they feel motivated to initiate or build their own archives and encourage family and community members to join in. Last but not least, I want viewers to recognize that an institution alone does not legitimize a culture or archive a tradition.

What advice would you give to aspiring Black women photographers who aim to carve their path in the world of photography and visual arts?

This is advice I’d offer to anyone, with a particular emphasis on young black women photographers and creatives: you don’t have to settle. Seek out collaborators and institutions that are genuinely excited, not begrudgingly or lukewarm, about working with you. There is an abundance of eager collaborators who exist and they are ready to support and assist you in realizing your vision and dreams. If you encounter the smallest signs of disrespect, don’t hesitate—walk away, or better yet, run as fast as you can!

📸 Cover image credit: Malik J. Glover

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HarbourView Equity Partners Boosts Credit Line to $100 Million for Music Catalog Acquisitions

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HarbourView Equity Partners

HarbourView Equity Partners is a global alternative asset management firm focused on the media and entertainment industry. In a recent announcement, the firm revealed the expansion of its senior secured credit facility from $200 million to $300 million. This augmentation allows HarbourView to significantly enhance its capacity for strategic investments and acquisitions within the music domain.

The credit facility, initially led by Fifth Third Bank and inclusive of California Bank & Trust, MUFG Bank, Regions Bank, and BankUnited, has now welcomed three new lenders into its syndicate: Bank of America, Barclays, and First Bank & Trust Company. This augmentation of the lending consortium broadens HarbourView’s financial foundation, leveraging the support of additional financial institutions.

Sherrese Clarke Soares, CEO and founder of HarbourView Equity Partners expressed gratitude for the steadfast backing of their banking partners. “As capital conditions evolve, we are grateful for the continued support of our banking partners who have helped support HarbourView’s tremendous growth since inception,” highlighted Soares, acknowledging the pivotal role played by these partners in facilitating HarbourView’s expansion.

HarbourView has positioned itself as a dominant force in the music industry, with a track record of over 45 music catalog acquisitions. Their portfolio boasts more than 26,000 songs, encompassing both master recordings and publishing income streams. Notable acquisitions such as “Despacito” by Luis Fonsi and “Hot in Herre” by Nelly underscore their expertise in identifying valuable intellectual property.

The firm’s recent strategic move into the hip-hop genre was marked by the acquisition of select recorded music and publishing assets from hip-hop artist Wiz Khalifa. This expansion diversified HarbourView’s portfolio and fortified its presence in the thriving hip-hop market.

The $100 million debt facility injection further bolsters HarbourView’s financial resources, enabling the acquisition of high-value music catalogs. This strategic maneuver reflects the firm’s confidence in the music industry’s future and its commitment to sustained growth.

Beyond acquisitions, HarbourView emphasizes content optimization and legacy preservation. Their industrial platform actively licenses and optimizes acquired music assets, ensuring wide audience reach and maximum revenue generation. Moreover, the firm is dedicated to safeguarding the cultural significance of acquired music for future generations.

by Tony O. Lawson

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Raynell “Supa Cent” Steward’s Inspiring Journey to a $50M Cosmetics Brand

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supa cent

Raynell “Supa Cent” Steward is transforming the cosmetics industry with her $50 million brand, The Crayon Case.

Hailing from uptown New Orleans, Supa Cent’s journey is a testament to resilience and unwavering determination. Dropping out of high school at 16, she embraced full-time work, kickstarting a journey that would redefine beauty entrepreneurship.

The turbulence of Hurricane Katrina forced her from Louisiana to Texas. Yet, her tenacity remained steadfast. Working at a restaurant became her training ground, teaching her crucial marketing and customer service skills.

The Crayon Case emerged from her passion for makeup and a vision of democratizing cosmetics. Its packaging, resembling a box of crayons, earned a spot on Oprah’s Favorite Things list, catapulting the brand into the limelight.

supa cent

Supa Cent’s voyage, from Periscope tutorials to social media fame, resonated with a diverse audience. Her brand empowered women of color to experiment fearlessly with vibrant hues.

Her resolute commitment to quality and affordability propelled The Crayon Case to monumental success. Despite lucrative acquisition offers, Supa Cent remains resolutely dedicated to preserving her brand’s authenticity and community roots.

Supa Cent’s incredible achievements punctuate her journey. In 2018, she stunned the industry by selling $1 million worth of cosmetics in just 90 minutes on Black Friday. This was followed by a staggering $1.37 million sale in March 2019, cementing her brand’s dominance in the beauty market.

These milestones underscore not just Supa Cent’s entrepreneurial prowess but the unprecedented impact of her brand. Her refusal to compromise on quality or relinquish ownership to corporate entities is a testament to her commitment to community empowerment.

The Crayon Case’s meteoric rise disrupted norms, compelling industry giants to recognize the power of Black-owned beauty brands. Supa Cent’s unwavering dedication to quality and community has not only reshaped the beauty industry but also paved the way for aspiring entrepreneurs.

As the visionary behind The Crayon Case, Supa Cent’s impact is undeniable. Her outstanding sales figures are just a glimpse of her brand’s profound influence and reach in the beauty industry, making her a true pioneer in redefining beauty entrepreneurship.

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