News
News from the Emerging Manager space.
This month’s news briefs include updates from the Private Equity Women Investor Network, TPG Next and Altriarch Asset Management.
Nicole Musicco departed her role as cio of the $463.1 billion California Public Employees’ Retirement System on Sept. 29, the plan announced.
Managers looking for tangible allocator efforts on evaluating and hiring diverse-owned firms heard from a panel on their successes and how they were achieved during the Investment Diversity Advisory Council’s annual summit.
The University of California’s allocation to diverse-owned partners across its $18 billion endowment and $80 billion pension increased by approximately 10% to $21.4 billion of its actively managed assets, according to its 2022 Diversified Returns report.
The nonprofit sector is the third largest employer in the U.S. and is looking to cultivate more inclusivity amongst its ranks at a time when more than two thirds of public and private foundations, 68%, consider diversity, equity and inclusion a priority for their organizations, according to CAPTRUST Financial Advisors.
Featuring recent news from the Mother Cabrini Health Foundation, Ariel Investments and Ativo Capital Management.
Meketa Investment Group will hold its next emerging and diverse manager research day for public and private markets in October, the firm announced.
The Semper Capital Management team will transition to Medalist Partners as the firms expand their partnership in the structured credit space, the New York-based firms announced.
Private equity and alternative investments remained a significant aspect of the economy despite a challenging fundraising environment in 2022, pointing to the importance of the professionals and talent in charge of how capital is deployed.
Zevin Asset Management has bolstered its investment team with the addition of Grace Capital CIO Catherine Faddis.
