Mellody Hobson's $1 billion women's sports fund would be the largest ever

Billionaires Africa | 20.03.2026 03:18
The co-CEO and president of Ariel Investments is now targeting $1 billion for Project Level, the Chicago firm's first fund dedicated to women's sports, according to people familiar with the matter. The fund closed its first $250 million in February. A second close is expected in the second quarter of this year.