Juneteenth
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.
Despite the venture capital space setting records with an increased number of Black-owned funds, challenges remain for these underrepresented managers such as bias and a lack of access, which leaves institutional allocators seeking ways to address the barriers.
A look at Black-owned asset managers with more than $1 billion in assets under management.
Degas Wright, ceo, cio and portfolio manager of Decatur Capital Management, recalls drawing and coloring as a toddler, but believes his journey of capturing the beauty around him through art is just beginning.
Investments in diverse asset management continued to grow this year, with most of the commitments made to Black-owned managers in the private equity buyout and venture capital spaces, according to FIN Searches data.
The newly launched venture fund will allocate its returns to partner HBCUs.
Paradigm Institutional Investments launched with the goal of guiding institutions in their achievement of fiduciary excellence and attainment of financial objectives, while making positive change to diversity and inclusion in the investment industry.
The recently-launched 1803 Fund will look to rebuild Black Portland.
Black-owned investment managers represent nearly one-third of all firms that have submitted information to Emerging Manager Monthly’s Diverse Manager Directory.