Emerging/Diverse Managers
HSBC Asset Management has acquired a minority stake in a U.S.-based ESG and diversity and inclusion focused consulting firm, which will become a female-owned asset management firm focused on ESG investment opportunities for institutional and wealth management clients, the firm announced.
The plan disclosed two private markets commitments in May.
A foundation in the Midwest hired a director of investments last week to focus on public equities.
Plan directed its general investment consultant to return with a search on “best ideas” real assets strategies.
Prominent institutional investors have committed capital to a newly formed venture capital fund-of-funds designed to back emerging managers raising their first fund or scale from a previous angel investment vehicle to build an ongoing firm.
A venture capital firm based on the West Coast has closed its oversubscribed first fund, which focuses on early-stage investments in technology-enabled companies led by Latinx and diverse founders, with a few prominent foundations participating.
The executive is diversifying the New York-based company’s investment process.
The plan is seeking one or more fund-of-funds managers to handle a $400 million mandate.
They will promote a more diverse and inclusive workplace at Blackstone and its portfolio companies.
They will guide the plan’s DEI framework and employee diversity advisory council.