Twelve foundations have committed to Ulu Ventures’ latest fund, which recently closed with more than $200 million in commitments.
Alternative asset manager Rosetta Analytics has closed after nine years in business, Co-Founder Angelo Calvello announced, in a LinkedIn post.
The Global Fund for Women initiated an RFP process seeking a firm to provide investment management and advisory services for its approximately $47 million long-term investment pool.
The pushback on diversity, equity and inclusion by the federal government, which plans to investigate whether DEI initiatives at several large universities and foundations are illegal, alongside several state governments has left some nonprofit institutions questioning their mission.
Beatrice Advisors has appointed Peter Lupoff and Mervin Burton as senior partners as part of the expansion of its investment team, the woman- and minority-owned multi-family office announced.
The National Association for the Advancement of Colored People has launched fund-of-funds NAACP Capital to transform the venture capital landscape, the Baltimore-based civil rights organization announced.
Yale University’s investment office is seeking entrepreneurs looking to launch their own investment management funds to participate in its new program, the Prospect Fellowship.
Foundations are showing mixed interest in diverse asset managers, a new study found.
Lack of accountability and bias are the primary barriers to diversity, equity and inclusion progress in the private equity and venture capital space despite increasing recognition of the financial and moral benefits of DEI, according to one fund-of-funds.
Private equity managers should construct a well-rounded portfolio with differentiated niche strategies and focus on their alignment of interests with LPs to set themselves up for success in a competitive and changing market, according to a panel at the New Jersey Division of Investments’ Emerging Managers Symposium held virtually on June 26.
