Juneteenth
The importance of both Juneteenth and the idea of helping others was instilled in Jacob Walthour Jr.’s consciousness from birth.
Daniel Gould has learned a great deal from serving as v.p. of investments and operations at the Marguerite Casey Foundation over the last five years, helping the Seattle-based foundation surpass its goal of allocating half of its approximately $850 million investment portfolio to diverse managers.
Today, we proudly unveil our seventh annual special edition of FIN Daily, dedicated to honoring Juneteenth.
Total assets managed by Black-owned asset managers has surpassed $300 billion, new data from FIN Searches shows.
Pre-seed venture accelerator Nex Cubed and CEO Marlon Evans launched the HBCU Founders Initiative five years ago to engage Historically Black college and university students and alumni interested in developing solutions to close the wealth gap, ranging from increasing access to healthcare, education and financial services.
The National Association of Securities Professionals continues to drive forward its mission expanding access for underrepresented communities in the investment and financial services industry more than 40 years after its founding.
Billy Stewart seemed destined to serve as a director at Advent Capital Management given that both he and the firm trace their beginnings to convertibles.
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.
