Emerging/Diverse Managers
The newly launched venture fund will allocate its returns to partner HBCUs.
A West Coast impact fund- of- funds has raised nearly $170 million for its Fund II.
Byles Williams founded Xponance, a Black woman-owned investment firm, which offers direct active and passive equity, fixed-income and alternative investments as well as multi-manager strategies focused on emerging and diverse managers.
The plan completed a domestic small- to mid-cap value equity manager search launched in the fourth quarter.
The city hired two equity managers and three private markets firms.
Plan has issued RFPs for minority-, women- or disabled-owned core bond and short-duration bond managers.
The firm will pay $215 million to settle a gender discrimination class action lawsuit before it was set to go to trial on June 7.
The commitment was made as part of the foundation’s efforts to align 100% of its investments with its mission.
The firm has $40.4 billion of $1.4 trillion in client assets invested with diverse managers.
The plan made private equity and real estate commitments with two new managers and five existing managers in March.