The Diverse Asset Managers Initiative (DAMI) recently released its 5th Annual Investment Consultant Survey, an assessment of the efforts to improve diversity among investment consulting firms. The survey reveals that overall, the numbers are terrible, but with noticeable progress in pockets of ownership and senior consultants, and that firms still frequently conflate emerging and diverse managers.
The American Investment Council and PitchBook released a new report highlighting how private equity contributes to the American economy and drives competition. The report – Building Competition: How buy-and-build helps the American economy – explores the industry’s buy-and-build model, which investors use to acquire several smaller companies to create a new, more competitive business.
The CFO and COO have left a lasting imprint on the private equity industry. Now, as the industry approaches maturity, it’s time ask the question: what will be their legacy? Over the past 10 years, the EY Global Private Equity Survey has followed the evolving impact financial executives have had on a rapidly growing industry. […]
McKinsey & Co. recently released “The state of diversity in global Private Markets: 2022,” a report that offers insights into diverse representation in the industry and institutional investors’ evaluation of diversity on investing deal teams.
This Goldman Sachs study focuses on the entrepreneurship gap of Black women, some of the core broader economic and social factors driving it and implications for earnings, wealth and economic mobility.
The events of 2020 have impacted how institutional investors think about diversity (gender, race, LGBTQ, etc.) in their investment portfolios. Against this backdrop, Aon conducted a survey of institutional investors that revealed increased pressure from boards and beneficiaries to address diversity in their portfolio. This report examines the potential challenges associated with diverse investing initiatives, […]
The SEC’s Office of Compliance Inspections and Examinations (“OCIE”) recently shared its observations, common deficiencies and compliance issues from examinations of private fund advisers. The common deficiencies identified spanned three general areas: Conflicts of interest Fees and expenses Material, non-public information (“MNPI”) policies and procedures The OCIE’s observations are not only intended to assist private […]
The NVCA–Deloitte Human Capital Survey was designed to capture critical data on the workforce at venture capital (VC) firms, develop a baseline understanding of demographics within the VC industry, and uncover the current state of diversity and inclusion (D&I) across the industry. The survey is intended to be an educational resource for venture capital firms […]
WASHINGTON, July 15, 2020 – As part of a groundbreaking initiative to raise billions of dollars of growth equity capital focused on ethnically diverse and women-owned business enterprises (DWBEs), the National Association of Investment Companies (NAIC) today announced it has published two related reports that quantify the robust demand for capital by these companies and […]
The digital economy is expected to continue its growth trajectory, with investment opportunities even in today’s uncertain markets. In this Member Focus, we profile San Francisco-based Carrick Capital, a growth equity firm that invests in software as a service, transaction processing, and technology-enabled enterprise-focused business-to-business companies. We chronicle Carrick’s origins, highlight one of its significant […]
When Troy Dixon decided to launch a hedge fund firm, he wanted to give it a name that represented his life’s journey while also symbolizing the hard work and determination that was required to be in a position to start such an enterprise. He decided on Hollis Park Partners, which paid tribute to his lower-middle-class […]
Alaina Anderson, CFAPortfolio Manager and Global Research Analyst, William Blair Investment Management While a degree of progress has been made in financial services with regard to diversity, there is still a long way to go before the industry can truly be called an inclusive one. In this Q&A, Alaina Anderson, CFA, Portfolio Manager and Global […]
Like many of his colleagues, J. Dennis Jean-Jacques, President and Chief Investment Officer of Ocean Park Investments, has experienced his share of market downturns – the 1998 Russian debt crisis, the Long-Term Capital Portfolio collapse, 9/11, SARS, and the Great Recession of 2008, among others. In each of these events, however, he saw solid opportunities. […]
This report analyzes how racial bias affects capital allocators’ decision-making when evaluating asset managers. Surveys were conducted to test whether capital allocators had biases that impacted their evaluations of firms led by people of color, and if so, how these biases manifest. The results suggest that funds led by people of color may face the […]