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.
Xponance has launched an alternatives platform to expand into the private markets.
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.
The Alternative Investment Management Association (AIMA) and investment consultant Albourne Partners recently collaborated to release a free diversity and inclusion questionnaire available to alternative investment managers, the organizations announced.
This month we have news of a new diverse manager initiative being launched by the Massachusetts Pension Reserves Investment Management Board.