HBCU Graduates Transform Travel Passion into a Multi-Million Dollar Venture
AKACHI NOEL 
Calvin L. Butts, Jr. and Carrington M. Carter, both graduates of Hampton University, have seamlessly blended their love for travel with astute business acumen, resulting in the creation of East Chop Capital—a private equity firm specializing in the global vacation rental home market.
Founded in 2018, East Chop Capital boasts a mission to build wealth through strategic investments while making a positive global impact. The name draws inspiration from Martha's Vineyard, particularly a residential area known for its natural beauty, historical richness, and strong sense of community—attributes that left an indelible mark on Calvin and Carrington.
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The firm manages two funds—one dedicated to luxury vacation homes in the US and abroad, and the other focused on affordable vacation homes for middle-class families. With assets exceeding $7 million, East Chop Capital has consistently delivered an impressive average annual return of 25% for its investors.
Calvin and Carrington, seasoned entrepreneurs with a history of launching and scaling businesses across diverse industries, met at Hampton University. Their friendship, spanning over two decades, has been a driving force behind their shared vision of creating generational wealth for themselves and others.
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Beyond their entrepreneurial endeavors, the duo remains committed to giving back to their alma mater and supporting HBCU students and alumni. Their contributions include donations to Hampton University's endowment fund, sponsorship of scholarships, mentorship programs, and events promoting entrepreneurship and financial literacy.
Calvin and Carrington exemplify the potential of HBCU graduates to leverage education, networks, and skills for successful ventures that not only benefit themselves but also uplift their communities. Their story underscores the transformative impact of higher education, emphasizing the pivotal role HBCUs play in shaping the leaders of tomorrow.
