Goldman Sachs Ends Diversity Investment Program After Meeting $1 Billion Goal

Goldman Sachs has quietly ended its Launch With GS diversity investment program after meeting its $1 billion pledge to fund companies led by women and people of color. The bank has shifted its focus to the One Million Black Women initiative, which aims to provide $10 billion in investment capital and $100 million in philanthropic aid. The decision comes amid a period of change for the bank and corporate diversity programs, with challenges in fundraising for founders and emerging managers, especially women and people of color.