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The New York-based firm has not just survived the last few years, it has thrived, doubling its assets under management to approximately $4 billion and growing its team to 23 members overall, including a now eight-person investment team.
Promoting awareness and building initiatives around diversity, equity and inclusion in the workplace is vital to leveling the playing field for diverse firms, according to panelists from the New York State Insurance Fund’s 11th annual MWBE investment symposium held virtually on Feb. 24.
Institutional investors looking to include diversity, equity and inclusion metrics in their due diligence processes and through implementing diverse private markets manager programs will find their efforts lead to outperformance, according to a recent whitepaper from Mercer.
On the heels of expanding its Diverse Manager Database to include private market strategies, Commonfund held its second Diverse Manager Day on Jan. 21 to learn from minority- and women-owned managers recently added to its database.
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.
Women cios from four top pension plans identified potential areas of opportunity for investment in 2021 at the New York State Common Retirement Fund’s 14th Annual Emerging Manager & MWBE Conference held virtually on Feb. 10.
Xponance has launched an alternatives platform to expand into the private markets.
While the diverse makeup of many historically black colleges and universities’ endowments needs to be further built out, the institutions’ contributions to the pipeline of diverse talent in the investment management industry cannot be overstated, according to those involved with the industry.
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