Cambridge Associates to Park $82 Billion at Minority-Owned Funds
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 […]
Carlyle announces ESG-linked credit facility in Europe at €2.3 billion tied to advancing board diversity and other ESG targets
Global investment firm Carlyle today announced it has secured a €2.3 billion ESG-linked credit facility for its European private equity and real estate platform, to support the firm’s 30% board diversity target, and to address climate change and achieve better ESG outcomes through training. The new facility represents the next step in Carlyle’s ongoing commitment […]
Prudential makes USD200m commitment to diversity
Prudential Financial has made a USD200 million commitment through the Prudential DEI Portfolio to private equity investments constructed with a diversity, equity and inclusion (DEI) lens. Investments will focus on limited partner stakes with substantial ownership and/or management by women and minorities, particularly those raising capital for first or second funds. Within private equity, structural […]
Buyside firms waving $200k+ packages at women, minorities
With recruitment of juniors at banks and buy-side firm at record highs this year, all talent is at a premium, but headhunters on both sides of the Atlantic say talent that ticks diversity boxes is at even more of a premium than most. “There’s huge demand for women on the buy-side,” says Anthony Keizner, partner at Odyssey […]
TPG Starts Program to Back and Train More Diverse Fund Managers
Private equity firm TPG is stepping up its diversity efforts with a plan to back more fund managers who are women, people of color and LGBTQ+. With a new program called TPG Next, the San Francisco-based firm will buy stakes in such managers and have the emerging firms’ executives work side-by-side with TPG leaders, co-Chief […]
PE and VC entrepreneurs publish blueprint for Diversity and Inclusion in the investment industry
A number of leading venture capital and private equity investors have published substantial guidelines on Diversity and Inclusion in the investment industry. Investors and professionals from the venture investment community have today released best practice guidelines to help increase investment in under-represented founders and drive diversity and returns across the investment sector. The “Guidance and […]
How To Attract Top Diverse Talent For Private Equity-Backed Companies
Partner, The Lancer Group, specializing in C-Suite searches for private equity firms and their portfolio companies in software. Diversity and inclusion are front of mind for many investors, as recent events have further highlighted gender and racial inequality in the U.S. today. More than just a social movement, recent research has also shown the potential for financial […]
