The first managing director of a venture capital fund that plans to invest in businesses owned by people of color sees an opportunity to pioneer an initiative for greater economic diversity in West Michigan. The first managing director of a venture capital fund that plans to invest in businesses owned by people of color sees an opportunity to pioneer an initiative for greater economic diversity in West Michigan. Ollie Howie starts Nov. 15 as managing director of the New Community Transformation Fund that’s in the process of raising $25 million from investors.