Juneteenth
George Floyd’s murder on May 25, 2020 sparked protests regarding racism throughout the country, and further, ignited conversations and movements surrounding racial diversity and inclusion that extended to the investment space.
Black-owned and led alternatives firms saw the majority of investment manager search and hire activity as institutional investors continued to focus on private markets, FIN Searches data shows.
The overall slowdown in private markets commitments did not stop two Black-owned firms from closing funds as early-stage venture capital firms Collab Capital and Zeal Capital Partners recently announced closes for their respective second funds.
The growth in the largest Black-owned investment firms has slowed over the past year but continued its upward trajectory, new data from FIN Searches shows.
Stalling helped lead the Atlanta-based Morehouse College’s financial operations and manage its approximately $254.1 million endowment since joining the historically Black college in the role in 2021. She took the time to answer five questions, plus one more, with FIN News.
While Juneteenth was officially made a federal holiday in 2021, it appears that investment managers and consultants have not come to a consensus on ways to celebrate the day within their organizations.
There are 33 Black-owned investment management firms with more than $1 billion in assets under management responsible for an aggregate total of $272.2 billion, FIN Searches data shows.
As the 1803 Fund moves into its second year, CEO Rukaiyah Adams talked with FIN News about the role of finance in freedom and liberation for African Americas.
Kerusso Capital Management Founder Randell Cain recently celebrated his seventh anniversary as paster of Zion Memorial Missionary Baptist Church.
United Church Funds has 23% of its entire portfolio invested with diverse-firms presently, including 72% of its domestic equity portfolio managed by diverse-owned firms after successfully completing its goal of having more than 60% of the domestic equity portfolio managed by diverse-owned firms in 2023, more than a year in advance of the 2024 deadline it imposed on itself.