DAMI is calling on Yale University to increase its DEI efforts after a recent article in the student newspaper highlighted the lack of DEI in the investment office.
The foundation has surpassed its goal of investing at least 20% of its investment portfolio with firms led by managers of color or women ahead of its 2024 goal.
The firm is looking to hire more diverse managers for client portfolios after adding several diverse firms, particularly in equity, private equity and venture capital, over the last two years.
While diversity, equity and inclusion investments garner attention from the broader industry, U.S. venture capital firms have dedicated less than 2% of their assets to DEI investments, a new study finds.
The university is an anchor investor in a Black-owned venture capital firm’s first strategy that closed last month with more than $60 million in commitments.