What started out as two endowments tracking women and minority investment managers in an Excel spreadsheet has transformed into a consortium of more than 600 asset owners coming together and partnering with a fintech platform to increase investments with hundreds of diverse managers.
Many nonprofits have set ambitious goals for allocating more of their portfolios to diverse-owned asset managers in recent years, with many publicizing the efforts and progress as they go along.
Private equity firms with higher levels of diversity are more likely to receive greater capital from leading institutional investors, according to a new report from McKinsey.
While diversity, equity and inclusion investments garner attention from the broader industry, U.S. venture capital firms have dedicated less than 2% of their assets to DEI investments, a new study finds.
The MacArthur Foundation has surpassed its goal of investing at least 20% of its approximately $8.2 billion investment portfolio with firms led by managers of color or women, Spokeswoman Kristen Mack said, in an e-mail.
Eva Shang’s desire to launch a tech start-up led the undergraduate economics student to drop out of Harvard University and immediately enter the prestigious early-stage start-up accelerator program Y Combinator in 2016.
Investment consultant Prime Buchholz continues to increase the number of diverse managers it recommends to institutional clients.
4th Street Capital is using its value-minded and long-focused strategy to bring new investors to the U.S. equity market, especially from India, where Managing Partner Yogesh Gupta has a network of family and friends.
Many nonprofit investors striving to allocate more assets to diverse-owned managers want to immediately start working toward concrete outcomes, however, the investors should first focus on definitions and policy.
Our second annual feature looking at the efforts being made to build the pipeline of diverse talent.