Juneteenth
A look at Black-owned asset managers with more than $1 billion in assets under management.
Degas Wright, ceo, cio and portfolio manager of Decatur Capital Management, recalls drawing and coloring as a toddler, but believes his journey of capturing the beauty around him through art is just beginning.
Investments in diverse asset management continued to grow this year, with most of the commitments made to Black-owned managers in the private equity buyout and venture capital spaces, according to FIN Searches data.
The newly launched venture fund will allocate its returns to partner HBCUs.
Black-owned investment managers represent nearly one-third of all firms that have submitted information to Emerging Manager Monthly’s Diverse Manager Directory.
The John S. & James L. Knight Foundation has been at the forefront of bringing valuable data to the discussion around diversity within the asset management space – work that has involved tremendous introspection and a commitment to transparency.
What began as an after-work social group for Black professionals in the hedge fund space to network, find mentors and identify career opportunities has since evolved into a network that aims to help shape a shifting asset management landscape that has placed greater importance on diversity, equity and inclusion.
African American-owned ReedsBay Investment Group is a commercial real estate firm investing in opportunities for which traditional capital is relatively limited.
Base10 Partners has partnered with the Student Freedom Initiative to expand the investment options available to historically Black colleges and universities, the firm announced.
Progress is being made in the diverse asset management space as the past year saw an uptick in the number of investments made with Black-owned managers, according to data compiled by FIN Searches.