Emerging/Diverse Managers

A university in the Mid-Atlantic region has seen the percentage of women- and minority-ownership increase at the investment managers within its endowment year over year, according to a recent report.

Organization intends to invest $200 million in diverse-owned and led private equity firms raising first or second funds.

Plan has issued an RFP for international equity managers after approving the search last week.

Plan will consider multiple mandates and ensure that diverse-owned firms are included in a search process approved at today’s meeting.

A university on the West Coast will invest at least $2 billion with diverse investment firms in the public and private markets over the next four years.

The recommendations will now be brought to the Securities and Exchange Commission for further discussion.