It has now been over a year since CalPERS allocated $1 billion to TPG and GCM Grosvenor to seed diverse managers. While both firms have announced their first commitments out of their respective funds, what they have not announced is any other institution investing in their funds.
Redwood Investments has been acquired by Alger Group Holdings in a deal that will bring together two women-owned firms.
If the last 10 years were the “lost decade” for traditional market emerging managers, it is imperative that the next 10 years see steps taken to support and nurture emerging and diverse firms.
The breadth and depth of emerging manager programs has declined over the past decade, according to a review of 10 years of data compiled by Emerging Manager Monthly.
The New York City Retirement Systems will be looking to further integrate its emerging private equity manager program into its overall portfolio.
With Thanksgiving in the rearview mirror and the holiday season in full swing, I wanted to use this space to reflect on some positives from 2023. To give thanks.
Kirk Sims is no stranger to the conference circuit.
The pie is getting stale. Everyone knows the pie. The big one where only a small sliver is fought over by emerging and diverse managers.
I believe the absurd lawsuit against Fearless Fund alleging that its grant program targeting Black women is discriminatory will ultimately fail.
Private equity seeding firm Moelis Asset Catalyst is looking to draw on its experiences to bring value to first time private equity firms.
