Private equity is catching a lot of flak at the moment — from politicians who see the investment class as plutocratic, investors who seek stronger regulatory scrutiny of the industry and insiders who aim to break the glass ceilings keeping women from rising through their ranks.
An emerging manager-of-managers has added three investment professionals to its team.
A Midwestern pension plan has issued its RFP for diverse-owned private equity managers.
An Illinois-based pension plan is searching for an emerging manager-of-managers to handle up to $100 million.
CalPERS, Progress Decisions Create Questions Heading Into 2020
An emerging manager-of-managers firm has announced it will close in mid-2020.
The emerging manager-of-managers space has seen a significant shakeup in the past three months with the elimination of roughly $3 billion in assets from the California Public Employees’ Retirement System, Attucks Asset Management’s acquisition of Capital Prospects and the decision by Progress Investment Management Company to close this year.
The loss of roughly $3 billion in assets dedicated to active equity emerging managers is going to sting even those managers not directly impacted by the decision.
Investment management firms considering launching non-U.S. equity strategies need to evaluate their own capabilities and resources and how they relate to an investor’s wants in the asset class, according to both asset allocators and investment managers in the space.
This month we have our annual LGBTQ+ feature in recognition of Pride Month.