Emerging/Diverse Managers
Firm will partner with diverse asset managers, federally chartered community development financial institutions and other mission-driven organizations.
A California plan agreed to initiate a real estate search following approval of a new asset allocation policy yesterday.
Plan will conduct further due diligence on three firms in its domestic small-cap and small- to mid-cap equity emerging manager space.
Investors’ 2020 search activity remained on par with previous years despite the COVID-19 pandemic and there continues to be increased activity for private investment strategies, according to a recent webinar from an investment consultant.
Fund selected firms to implement emerging manager programs in private equity and private real estate last week.
The plan is looking to invest $20 million with two to three MWDBE private equity managers.
A university in New England has created a website to help emerging managers launch and maintain their firms.
Plan is seeking intermediate duration fixed-income managers in a shift of its $120 million bond allocation away from the current core strategy.
The plan disclosed several private markets commitments in February.
Diversity is a top priority for community foundations within their investment portfolios and investment committees in the coming year, according to a recent survey.
