Black Private Equity Firm Helps Launch ‘Getaway Society’

 Getaway Society, a luxury vacation rental home business whose real estate portfolio has grown to an $8 million valuation in jus
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Getaway Society luxury vacation rental homes.

When it comes to funding minority entrepreneurs, only one percent of investing goes to Black founders.

Even when there is a focus on diversity, most of those funds tend to be allocated towards women-run businesses.

Although investors say they are interested in supporting Black entrepreneurs, the numbers simply don’t reflect this desire. Entrepreneurs of color, and specifically Black entrepreneurs have a harder time getting their foot in the door. They simply aren’t being seen.

Experienced millennial entrepreneurs and real estate developers Carrington M. Carter and Calvin L. Butts, Jr. of East Chop Capital, a Black-owned private equity firm, took matters into their own hands and garnered support from nearly 50 Black investors to help scale Getaway Society, a luxury vacation rental home business whose real estate portfolio has grown to an $8 million valuation in just five short years.

The brand owns several residential properties across the Poconos, Hilton Head, S.C. and Martha’s Vineyard, and since COVID, they have seen exponential growth in all of those markets.

Through East Chop Capital, Carrington and Calvin are closing the wealth gap by leveraging private equity to grow Black-owned business and generate returns for investors.


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