By now, most know that less than 2% of the U.S.-based investment management industry’s $82 trillion in assets is handled by diverse managers. Maybe less know that historically Black college and university endowments make up an even smaller percentage of higher education endowments nationally.
The plan had more than $430 million in the program at the end of 2022.
From my vantage point as a cfo in the alternative investment space, I’ve been immersed in understanding the holistic KPIs that underpin a firm’s financial health. Here’s what I’ve learned.
The $11.7 billion Public School Teachers’ Pension & Retirement Fund of Chicago will consider three diverse private equity firms.
he $63.3 billion Teachers’ Retirement System of Illinois made a value-add real estate commitment to a minority-owned manager last month.
The $884.1 million Firemen’s Annuity & Benefit Fund of Chicago has suspended its minority-, women- and disabled-owned private equity manager search.
Doug Wesley will retire as cio of the $22.6 billion State Universities Retirement System of Illinois in late 2023
This month, we take our annual look at historically Black colleges and universities.
