Illumen Capital
Venture Capital and Private Equity PrincipalsCalifornia, United States11-50 Employees
Illumen Capital is a mid-sized venture capital and private equity principals firm based in Oakland, California, with a focus on impact through a fund-of-funds approach designed to address systemic inequity. It seeks to reduce racial and gender bias in investing by pairing investment activity with evidence-based tools and training. The firm collaborates with Stanford SPARQ’s social psychologists to apply behavioral insights to investment decision-making, aiming to reveal value that bias might obscure. This approach aims to produce better-aligned outcomes for both returns and social impact, underscoring that a more inclusive asset management industry can underpin a more equitable future. In July 2024, Illumen Capital published its Annual Impact Report, outlining progress toward a more optimal asset management landscape. The company has a history of collaboration with Stanford institutions to support evidence-based bias-reduction training for fund managers, dating back to 2018.