Amanda White examines how investors in Japan, Sweden, the US and Canada are addressing the diversity question as part of their internal organization and in their investments and the managers they work with.
“We fundamentally believe that diverse companies will perform better, that diverse companies will also be able to retain their top talent longer,” the CalPERS CEO said.
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 university system in the West will review and discuss the current management structure of its endowment as well as other potential management options at its meeting next week.
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.
An institution in the Mid-Atlantic region approved a new target asset allocation for its investment portfolio and added three new managers at its meeting last month.