SouthernSun Asset Management will become 100% employee-owned following the deal.

Susan George will be primarily responsible for monitoring existing loans in the newly created role.

Institutions contemplating how to incorporate more diversity into their investment portfolios need to think beyond the efforts as “nice to have” and focus on the diversification benefits an expanded stable of managers can provide, according to Chavon Sutton, director of manager diversity and inclusion and emerging manager strategy for the New York City Comptroller Office’s Bureau of Asset Management.

The five private equity funds-of-funds will identify growth equity investment firms to invest 100% of capital to diverse- and women-owned businesses.

Minority-owned private equity fund-of-funds manager Fairview Capital Partners received a $5 million commitment from a local pension fund this week.

Minority-owned private equity firm Stellex Capital Management has received five commitments totaling $270 million in recent months, according to fin|daily reports.