Women-owned investment management firm Boston Common Asset Management has sold a minority equity stake to Affiliated Managers Group, according to an announcement.
The sustainability firm was launched in March 2020 with backing from Valor Management.
SGL Investment Advisors is building itself on the clients it serves best.
The number of women- and minority-owned private equity firms continued to increase in 2020 and ended the year with more than 500 firms, according to an annual report by private equity fund-of-funds Fairview Capital Partners.
A new impact-driven investment platform has launched with the help of $100 million in financing from Morgan Stanley.
Hedge fund manager Phase 2 Partners has launched with nearly $150 million in commitments from multiple investors, including a strategic partnership with the Employees Retirement System of Texas and PAAMCO Launchpad, a subsidiary of PAAMCO Prisma, the firm announced on Jan. 21.
Teams at the largest investment consultant firms continue to lack racial or gender diversity, according to a recent survey.
Investment management firms owned by Asian American and Pacific Islanders manage less than 1% of U.S. assets, according to a new study from the Association of Asian American Investment Managers and Bella Private Markets.
Pacific Current Group is selling its equity stake in Seizert Capital Partners to the firm’s management team.
California’s Proposition 16 called for an end to the state’s ban on affirmative action and was rejected by voters in the Nov. 3 election. Its failure means no impactful changes on the horizon for state emerging manager programs as well as the broader financial services industry.
