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 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.
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?
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.