Langdon Park Capital, a newly launched minority-owned business seeking to address the demand for housing and facilities in historically underserved Black and Latino communities across the United States, has hired three executives to lead its efforts.

The Los Angeles-based company is led by chief executive officer Malcolm Johnson, a former senior banker at JPMorgan Chase and Bank of America Merrill Lynch. He will spearhead Langdon Park’s ongoing fundraising efforts for its investment strategies. Raymond Junior, Langdon Park’s director of residential acquisitions, will lead the company’s efforts in responsibly sourcing residential investment opportunities. They are joined by legal expert and dealmaker Richmond McMurray, who will serve as Langdon Park Capital’s head of legal and compliance. McMurray’s prior experience includes public company reporting, securities regulations and compliance efforts, representing corporate entities in M&A transactions and an audit practice.

“Throughout my career, I’ve witnessed firsthand how investing in diverse communities can generate attractive financial returns while strengthening the fabric of those neighborhoods,” said Johnson. “The Langdon Park Capital platform is fueled by growing interest in profitable, scalable platforms with the critical mission of uplifting Black and Latino communities and the undeniable demographic trends pointing to the acute need for resilient commercial facilities and affordable housing supply in these areas.”

“Our investment hallmark will be acquiring and redeveloping residential communities and operating them in collaboration with local residents, small business owners and non-profit social service providers,” said Junior.

Kennedy Wilson (NYSE: KW), a global real estate investment company, has provided seed capital for the company’s launch and will invest in the initial fund vehicles.

“We are deeply committed to making a positive difference in communities where we operate, and our partnership with Langdon Park Capital is a natural next step as we continue to expand our focus on social impact investment,” said William McMorrow, chairman and CEO of Kennedy Wilson. “Our support for Malcolm and the Langdon Park Capital team reflects our shared values, our emphasis on investing alongside good people and our deep desire to help create value and solutions that make our communities stronger.”

“We have begun assembling a top-tier team that is well-positioned to address the market dynamics in the communities where we invest as a result of our unique perspective and focus on diversity and cultural competency,” concluded Johnson. “We look forward to growing Langdon Park Capital and beginning our journey to create real value in communities that have been overlooked for too long, while driving real value for our investors.”