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The foundation will receive 'up to 5% of the annualised net performance income' from certain Ares funds as well as employee donations.
Devin Glenn, formerly at law firm Skadden Arps, reports to global head of human resources Paige Ross.
Impact investing
BlackRock joins the likes of TPG, Bain Capital, KKR, Blackstone, Apollo, Morgan Stanley and Hamilton Lane in creating a dedicated impact vehicle.
Oaktree accelerates its diversity plans with a new D&I head and a $90m partnership with Apollo and Ares to attract black students.
Financial PR firm Prosek has invested in Blue Dot Capital, allowing the fledgling ESG consultant to expand its team and services.
Marlene Timberlake D'Adamo moves into the position, having been chief compliance officer.
How the private markets firm's impact unit would deploy a $5bn climate fund.
The Northern European firm, an ESG early mover, has opted for an ESG-linked subscription credit line.
At the 20 largest private credit firms, fewer than 4% of investment or distribution professionals identify as either Black or Latinx, says executive search firm Jensen Partners.
The firm provides credit options for small and medium-sized US businesses and earmarks some capital to be invested in diverse-owned companies.

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