UTIMCO President and CEO William ‘Britt’ Harris will step down from the role at the end of the second quarter after six years of service and CIO Rich Hall will take over the role.
The venture capital space is taking steps to ensure more progress is being made toward backing women-owned and led funds and Women’s History Month is highlighting some of the efforts being made to increase the representation and role of women in the space – but there is still a long way to go.
The firm met its goal of doubling the percentage of its investments with diverse managers to 10% from 5% by the end of 2025 and has established a new target to increase assets held by diverse managers to 15% by 2025.