Emerging/Diverse Managers

The plan is seeking a manager-of-managers to handle a portfolio of women- and minority-owned international equity managers.

A community foundation in the Mid-Atlantic region transitioned to an outsourced cio model last month with the hiring of a firm to handle its more than $300 million in assets.

The investment will be with a newly formed local and minority-owned manager.

The plan invested up to $15 million total into two diverse-owned private credit managers on Friday.

Historically black colleges and universities are reeling, like many other higher education institutions, from the COVID-19 pandemic’s impact on their business models.

Despite these struggles, institutions cannot and should not let those issues stand in the way of growing their endowment portfolios and diversifying them to combat the underrepresentation of diverse-owned investment managers in the approximately $70 trillion asset management industry, allocators and industry experts said.

The plan hired two firms in its diverse private equity fund-of-funds search this week.