Juneteenth
African American-owned ReedsBay Investment Group is a commercial real estate firm investing in opportunities for which traditional capital is relatively limited.
Base10 Partners has partnered with the Student Freedom Initiative to expand the investment options available to historically Black colleges and universities, the firm announced.
Progress is being made in the diverse asset management space as the past year saw an uptick in the number of investments made with Black-owned managers, according to data compiled by FIN Searches.
Data around diversity within the investment industry is becoming increasingly available, however, specifics around Black representation are not often being broken out and figures that are available show relatively stagnant growth, according to a review of several reports issued this year.
The events of the last year have presented a unique opportunity for institutional allocators and managers to address diversity, equity and inclusion. Where is the industry heading?
In a year afflicted by the COVID-19 pandemic and acts of racial injustice against minority groups, institutional investment management member associations experienced growth within their organizations.
Solomon recently sat down with FIN News Editor Matthew McCue to discuss his views on the asset management industry’s efforts on diversity.
Kim Lew, president and ceo of Columbia Investment Management Company, the investment management arm of Columbia University, is taking steps to add diversity to its $11.2 billion portfolio and investment processes.
Alternative investment managers Apollo Global Management, Ares Management Corporation and Oaktree Capital Management have announced a $90 million initiative for students attending three Historically Black Colleges and Universities to introduce them to the alternative investment industry.
A group of seed stage investors have announced the launch of Screendoor, a $50 million venture capital fund-of-funds focused on investing in seed stage and early-stage funds from underrepresented communities.
