New target accounts for 15% of firm’s assets under advisement Consulting firm serves pensions, endowments and family offices

Cambridge Associates plans to increase investments in money-management firms owned by women and minorities to about $82 billion over the next two years. 

The new target, disclosed in a report this week on the consulting firm’s website, accounts for 15% of its $548 billion of assets under advisement. At year-end, Boston-based Cambridge had almost tripled investments in diverse firms to $58 billion, surpassing its previous goal by roughly $17 billion.

Read More: Bloomberg