Minorities may not look like minorities on a fund manager's website, an IR head says.
Despite their relatively small size, in-state and local impact allocations will require more oversight and draw more scrutiny than investors’ main private investment buckets.
MassMutual has added $100m to its Catalyst fund for diverse and in-state businesses to ‘create generational wealth‘ among minority and rural communities.
Greater Manchester is addressing concerns around impact measurement and publicity for its local impact allocation, while Alaska halts in-state private equity programme.
'What happens if one of the managers decides to lay off 10% of staff of one of their investments? Can you imagine the headlines and pressure on us to step in and prevent that from happening,' says one board member.
Russell has been an influential voice in ESG during his tenure at the UK pensions giant.
Goldman Sachs manages Apple’s first Restore Fund, launched in 2021 with a $200m commitment.
NYC's public pension plans will engage with private markets managers about excluding certain types of investment.
Investors 'continue to be cautious about valuations' for later-stage buyouts, which is affecting impact firms in this segment of the market, says Cambridge Associates' Tom Mitchell.
New Private Markets is being enhanced with data tracking funds, managers and limited partners in sustainable funds.