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.
Cambridge Associates has increased the number of diverse managers in its institutional client portfolios over the last three years as part of its commitment toward diversity, equity and inclusion, according to a new report.
Nearly half of the 50 wealthiest public and private higher education endowments, representing $566 billion in total assets, refused to participate in a continued assessment of the representation of women- and racial or ethnic minority-owned investment firms overseeing their portfolios, new research finds.
Private equity and venture capital firms that have predominantly women or people of color in ownership can provide another source of diversification and unlock access to differentiated deal flow for their limited partners and other investors, according to new research from Boston Consulting Group and Cambridge Associates.
Historically Black colleges and universities have had to operate without the support and resources made available to their peers traditionally, yet they have persisted in fostering their students and communities. The institutions are now facing new and increased pressure to leverage their endowment investments to ensure continued independence and long-term sustainability
Commonfund will host its fifth annual diverse manager day on May 15, the Wilton, Conn.-based firm announced.
This month, we have our annual feature on military veterans in the asset management industry.