Program is centered around a platform of separately managed accounts that will source, conduct due diligence on, invest in and oversee allocations to emerging managers.
Three new investments were added to the foundation’s endowment as part of its gender and racial equity lens initiative to invest 25% of its portfolio with firms majority-owned by women and/or people of color.
Signatories commit to expanding the diverse talent pipeline, promoting inclusive hiring and onboarding practices, supporting inclusive promotion and retention practices, among other principles.
Asset management firms owned by women and people of color are at least three times more likely to employ diverse teams when compared to firms led primarily by white men, according to a new study.