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.
The investment returns of historically Black college and university endowments have lagged their non-HBCU peers for the past three years and a new study finds this may be due to HBCUs having smaller allocations to alternatives, less risk tolerance and significantly fewer investment management resources.
Ten of the largest nonprofit hospital corporations in the U.S. have been asked to release investment diversity information by three organizations.
Stanford Management Company, the investment management arm of Stanford University, has declined to disclose the results of its Diverse Manager Initiative launched in the first quarter of 2022 to invest in diverse-led investment managers.
The University of California’s allocation to diverse-owned partners across its $18 billion endowment and $80 billion pension increased by approximately 10% to $21.4 billion of its actively managed assets, according to its 2022 Diversified Returns report.
