Billionaires Africa | 10.04.2026 21:23
In 1992, JoAnn Price was offered a job that almost nobody wanted. The National Association of Investment Companies had identified a gap: institutional capital was barely flowing toward minority-led investment firms, and someone needed to build a fund-of-funds to fix that. The search committee had gone looking for a man. Price, then serving as NAIC's president, was not the first call. "Of course, they were looking for a man," she later said. "But at the end of the day, all of those super-duper men were not willing to take that level of risk."
