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Wrong C. Peek?

C. Earl Peek

Founder and Managing Partner

Diamond Ventures LLC

HQ Phone:  (877) 342-8227

Direct Phone: (202) ***-****direct phone

Email: e***@***.com

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

Diamond Ventures LLC

1701 Pennsylvania Avenue NW Suite 300

Atlanta, Georgia,30303

United States

Company Description

Diamond Ventures is a $200MM Small Business Investment Company (SBIC) venture capital firm in formation. Diamond Ventures has the inviting it to apply to be a SBIC. Diamond Ventures (DV) is a venture capital firm organized to invest in and lend to highly quali...more

Background Information

Employment History

Vice President

BB&T Corporation


AVP-Director Commercial Business Development

Industrial Bank


Senior Commercial Lender

Atlanta Economic Development Corporation


Affiliations

Love Charity , Inc.

Board Member


Diamond Ventures Inc

Founder


Mission Of Love Charity

Board Member


U.S. Treasury Department

Senior Policy Advisor


Local Small and Disadvantaged Business Enterprises

Chair, Access To Capital Committee


Web References(41 Total References)


:: Welcome to Diamond Ventures, LLC ::

www.diamondventuresllc.com [cached]

C. Earl Peek, Managing Partner, has over 20 years of experience as a CPA, Senior Lender in economic development, Vice-president with a major CDC, and as Manager of Corporate finance and commercial lender with a major minority owned and managed financial institution.In these capacities, he has financed more than 200 firms in a variety of industries, completed numerous real estate transactions, led bank, nonbank, and financial entities and led capital formation in a variety of instances.Mr. Peek chaired the Access to Capital Committee for the Local Small and Disadvantaged Business Enterprises who would be eligible to bid and compete for up for 50% of the $10 Billion in Washington, DC based commercial development and mixed use development.


Pitcairn.org

www.pitcairn.org [cached]

Earl Peek, Managing Partner of Diamond, addressing the merits of the case said "SBA has licensed few firms with minority management . In total less than 5% of the existing 450 SBIC's are Black, Hispanic, Women, Native Indian, or Asians in total."Peek said, "This is not the American Dream-it's a minority nightmare".Peek noted, "Those statements are a pretext for discrimination."Public reports show:"No matter what the outcome is regarding Diamond Ventures, SBA will need to address the serious disparity and availability of risk capital financing to minorities and women and in inner-city, underserved, and rural areas" Peek added.Photo Caption: C. Earl Peek and Lonnie A. Saboor (Diamond Ventures) with Former Senior Vice-President Roger Bower of RBC Tucker Federal after its first commitment to the venture fund.Earl Peek (404) 371-4200


PRESS RELEASE: Is The SBA SBIC Program A Racist Institution? Critical Documents From Discrimination Lawsuit Reveal Bias -SBA’s $25 Billion Program Lacks Minority Managers and Records of Investments By Black and Minority Managed Firms-

www.emediawire.com [cached]

"SBA has nearly 500 teams managing SBIC's and we expect to prove that less than 5% of the total are Black, Hispanic, Asian, Indian, or Women managed", Peek said further.SBA annual reports show that these groups as a whole regularly receive less than 8% in SBIC funding in total and Blacks get less than 2% each year.Crucial documents turned over by SBA as part of the lawsuit, show handwritten notes and e-mails by SBA Program Managers identifying the application as "weak" more than three months before any detailed review or scoring was performed.One program analysts told C. Earl Peek, Diamond's Managing Partner, early on that his plans were "loosey goosey".Despite demonstrating over 70 years of experience in lending and investing to these types of firm's, SBA challenged the ability of the team to execute its strategy and wrote that lending and investing in LMI markets is "a flawed strategy". SBA Analyst went as far as saying "community impact is not a concern of the SBIC program" despite the express intentions of Congress in the SBIC and New Markets legislation in recent years.Peek said he was "appalled" to see SBA comments to answers on Diamond's application.SBA at one point even said parts of its application was "gibberish".One Analyst re-computed Diamond's returns on the firm's venture capital deals at 37% which far exceeded the typical 9% return of like SBIC firms, but still chose to call the investments "total losers"."We were floored to see such vicious mean spirited comments on our application when all we wanted to do was make sure capital reaches America's most underserved and qualified groups, said Peek".C. Earl Peek 404.378-6232 (Office) / 404.285.6661 (Cell)/Fax 404.378-6262epeek@diamondventuresllc.comEarl PeekDIAMOND VENTURES, LLCVisit Our Site


Kamau's Business Blog Page - The World's 1st Black and Minority Business Blog!

www.einfonews.com [cached]

"We were elated to win this hard fought ruling," said C. Earl Peek, Diamond's Managing Partner.
"SBA has nearly 500 teams managing SBIC's and we expect to prove that less than 5% of the total are Black, Hispanic, Asian, Indian, or Women managed," Peek said further. SBA annual reports show that these groups as a whole regularly receive less than 8% in SBIC funding in total and Blacks get less than 2% each year. Crucial documents turned over by SBA as part of the lawsuit, show handwritten notes and e-mails by SBA Program Managers identifying the application as weak more than three months before any detailed review or scoring was performed. One program analysts told C. Earl Peek, Diamond's Managing Partner, early on that his plans were loosey goosey. Despite demonstrating over 70 years of experience in lending and investing to these types of firm's, SBA challenged the ability of the team to execute its strategy and wrote that lending and investing in LMI markets is a flawed strategy. SBA Analyst went as far as saying community impact is not a concern of the SBIC program despite the express intentions of Congress in the SBIC and New Markets legislation in recent years. Peek said he was appalled to see SBA comments to answers on Diamond's application. SBA at one point even said parts of its application was gibberish. One Analyst re-computed Diamond's returns on the firm's venture capital deals at 37% which far exceeded the typical 9% return of like SBIC firms, but still chose to call the investments total losers. "We were floored to see such vicious mean spirited comments on our application when all we wanted to do was make sure capital reaches America's most underserved and qualified groups," said Peek.


SBE Inc.

www.sbeinc.com [cached]

Earl Peek, Managing Partner of Diamond, addressing the merits of the case said "SBA has licensed few firms with minority management . In total less than 5% of the existing 450 SBIC's are Black, Hispanic, Women, Native Indian, or Asians in total."Peek said, "This is not the American Dream-it's a minority nightmare". Bates should know something, he has studied SBA since 1970, and recently co-authored a report Minorities in Venture Capital-A New Wave in American Business, funded by the Kauffman Foundation.He studied 24 venture funds nationally and demonstrated that minority focused venture funds are successful with a median rate of return of 19.5%.Peek noted, "Those statements are a pretext for discrimination."Public reports show: "No matter what the outcome is regarding Diamond Ventures, SBA will need to address the serious disparity and availability of risk capital financing to minorities and women and in inner-city, underserved, and rural areas" Peek added. Photo Caption: C. Earl Peek and Lonnie A. Saboor (Diamond Ventures) with Former Senior Vice-President Roger Bower of RBC Tucker Federal after its first commitment to the venture fund. Contact Information: Earl Peek (404) 371-4200 (404) 285-6661-Cell epeek@diamondventuresllc.com


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