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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.
Hispanic investment managers and allocators are emphasizing the need for improving opportunities through the increased focus on diversity by institutional investors as well as through efforts within the community itself.
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.
The $12 billion Public School Teachers’ Pension & Retirement Fund of Chicago approved launching an RFP for minority-, women- and disabled-owned private credit managers.
The California State Teachers’ Retirement System’s move of its New and Next Generation private equity funds to Sapphire Partners was due to Invesco’s decision to no longer manage the portfolio
The $1.1 billion City of Kansas City (Mo.) Employees Retirement System has “not made any formal decisions to date” regarding potentially shifting its emerging manager program to a U.S. small-cap mandate from a U.S. all-cap mandate.
Mark Baumgartner, cio of the $4.2 billion Carnegie Corporation of New York, will leave the organization in the fourth quarter to join the Dalio Family Office as its next cip.
Managing Director Nichole Roman-Bhatty of investment consulting firm Marquette Associates is retiring.
