Institutional investors looking to include diversity, equity and inclusion metrics in their due diligence processes and through implementing diverse private markets manager programs will find their efforts lead to outperformance, according to a recent whitepaper from Mercer.

Ariel Investments has launched Ariel Alternatives, a private asset management firm dedicated to expanding the minority ownership of firms.

Women-owned private equity manager Prelude Growth Partners has closed its second fund after reaching its hard cap.