News

News from the Emerging Manager space.

News
Rhode Island 2023 DEI Survey Results Show Few Changes

A majority of the Employees Retirement System of Rhode Island’s par­ticipating fund managers continue to be white and led and/or owned by men, according to the results of its 2023 diversity, equity and inclu­sion survey.

09.04.24
News
Cal Sees Minimal Increase To Assets Managed By Diverse Firms

The University of California’s allocation to diverse-owned part­ners across its $22.6 billion endowment and $98.6 billion pen­sion increased again by 3% to $21.7 billion of its actively man­aged assets.

09.04.24
Civil Rights Law Group Asks Three Attorneys General To Investigate 'White Race Favoritism'
News
Civil Rights Law Group Asks Three Attorneys General To Investigate 'White Race Favoritism'

Three southern state attorneys general have been asked to investigate “race-based decision-mak­ing” by majority white-owned venture capital firms in response to the continued legal battles faced by diversity, equity and inclusion initiatives.

09.04.24
News Briefs
News
News Briefs

This month, we have news on a new virtual series for internship insight by Penserra as well as a new hire at MayTech Global Investments.

08.07.24
News
Diverse Investing Collective Unveils Advisory Board

The Diverse Investing Collective, a coalition of asset owners and allocators focused on diversity in the management of assets, has announced its advisory board.

08.07.24
News
Brown Capital Drops U.S. Mid-Cap Strategy; Restructures Team

Brown Capital Management has closed its domestic mid-cap growth equity strategy as part of a team restructuring, according to a client e-mail obtained by Emerging Manager Monthly.

08.07.24
Realigning The VC Fund-Of-Funds Model: The Screendoor Approach
News
Realigning The VC Fund-Of-Funds Model: The Screendoor Approach

Screendoor is an investment platform designed to support new venture managers raising early-stage institutional funds intent on building enduring asset management firms.

08.07.24
DEI Progress Requires Accountability, Less Bias: Report
News
DEI Progress Requires Accountability, Less Bias: Report

Lack of accountability and bias are the primary barriers to diversity, equity and inclusion progress in the private equity and venture capital space despite increasing recognition of the financial and moral benefits of DEI, according to one fund-of-funds.

08.07.24
News
Callan Sees Diverse Manager Allocations Grow, Total Hires Drop

Nearly $1 billion was committed to di­verse-owned asset managers in 2023 through searches conducted by investment consultant Callan, the firm announced.

08.07.24
News
Diverse PE, VC Growth Trends Upward Amid Changing Market

The universe of woman- and minority-owned firms in the private equity and venture capital space continues to expand despite changing market conditions, according to a recent webinar.

08.07.24