Emerging/Diverse Managers

Rev. Al Sharpton sent a letter to universities about including more people of color and women in their endowment management.

A New York-based nonprofit is looking to invest a portion of its endowment with firms majority-owned by women and/or people of color.

An Illinois pension fund hired a new global credit fixed-income emerging manager-of-managers and made a $50 million real estate commitment at its board meeting last week.

A Midwestern pension plan hired a new global emerging manager-of-managers this week.

A Midwestern pension plan’s investment committee approved private equity secondaries commitments last week.

A Midwestern pension plan has invested directly in two domestic fixed-income emerging managers while formally terminating its relationship with manager-of-managers Progress Investment Management Company.