Emerging/Diverse Managers
The plan disclosed two private markets commitments in May.
A foundation in the Midwest hired a director of investments last week to focus on public equities.
Plan directed its general investment consultant to return with a search on “best ideas” real assets strategies.
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 executive is diversifying the New York-based company’s investment process.
The plan is seeking one or more fund-of-funds managers to handle a $400 million mandate.
They will promote a more diverse and inclusive workplace at Blackstone and its portfolio companies.
They will guide the plan’s DEI framework and employee diversity advisory council.
The plan is seeking managers to handle an up to $500 million mandate.
