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ABOUT MBF, LP |
Private OFFERING |
Our PORTFOLIO |
WELCOME MBF, LP. is seeking capital commitments of $50 million for an equity fund. In creating MBF, LP., we will endevor to employ the best practices of U.S. equity funds to invest in a portfolio of high quality African American-owned banks and thrifts located in the United States, while seeking to generate a superior IRR, non-correlated to U.S. equity markets. "Along with requesting new job opportunities, we are now requesting that businesses with stores in the ghetto deposit the income from those establishments in Negro-owned banks..In this way we seek to stop the drain of resources out of the ghetto with nothing remaining there for its rehabilitation." "We've got to strengthen black institutions. I call upon you to take your money out of the banks downtown and deposit your money in Tri-State Bank (a black-owned bank in Memphis, TN) - we want a bank-in movement..." From: Dr. Martin Luther King, Jr., Where Do We Go From Here: Chaos or Community?, New York: Harper and Row. 1967, and "I See The Promised Land.", Mason Temple, Memphis TN, 3 April 1968.
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