Emerging/Diverse Managers
A foundation based in the Midwest is among a group of institutional investors that has committed to a value-add real estate fund focused on diverse-owned real estate operators or enterprises.
The plan’s emerging manager-of-managers replaced a firm within its global equity emerging manager-of-managers portfolio due to a critical personnel change.
The plan is looking to invest up to $30 million in either a single strategy manager or an emerging manager-of-managers.
A university in the West will allocate capital to a new program to invest in diverse asset managers as part of its ongoing diversity efforts.
The search will be open to single strategy managers and emerging managers-of-managers.
The terminated firm was replaced by two incumbent minority-owned managers at today’s meeting.
He leads the firm’s U.S. DEI initiatives and serves as a resource for Natixis affiliates in the region.
The search will be conducted this year as part of a real estate structure review, which was approved at the meeting.
The plan made commitments totaling roughly $245.5 million with four existing managers and one new manager in November.
The plan will conduct a detailed review of its emerging markets equity portfolio that will include small-cap candidates next month.