A specialized private equity unit of BankBoston Corp. has staked $250,000 on a local asset management firm that caters to gay and lesbian investors.

BankBoston Development Co. said its investment in Meyers Capital Management will provide capital to market the Meyers Pride Value Fund, which invests in companies that have explicit anti-discrimination policies covering gay and lesbian employees.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.