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Representatives Maxine Waters of California and Joyce Beatty of Ohio included the two big private equity players among a list of 31 investment managers who received the letter.
The PE heavyweight’s GP platform, which aims to back the next-generation of diverse managers, will provide both seed capital and working capital of more than a year to its GPs.
calstrs crhis ailman
CalSTRS’ ‘long debate’ with ESG laggards The $283.4 billion California State Teachers’ Retirement System is by all accounts a progressive pension when it comes to sustainability. This month it agreed to invest $150 million per year in sustainable private equity co-investments to focus on “low carbon solutions” to the climate crisis (details here). It’s significant, […]
The competition for senior-level investment execs is 'extremely fierce', the firm said as it updated the market on sustainability initiatives.
Women diversity
More than half of UK and continental investment teams were all-white last year and 12% featured no women, according to analysis by the two organisations.
Building back better requires more than just capital; it requires social change and good governance, write Joe Baratta, global head of private equity, and Kathleen McCarthy, global co-head of real estate, at Blackstone.
Funds that champion women-led businesses and gender-balanced deal teams are among the innovations as well as a mentorship scheme.
The racial justice protests that swept the country last year in the wake of the death of George Floyd at the hands of Minneapolis police spurred a widespread re-examination of the role of law enforcement in society and how it affects the day-to-day lives of African Americans – and a renewed focus on the racial […]
The $53.5bn pension would like to find a way to better measure the full workforces of potential investment managers, among other concerns.
More than 500 attendees gathered virtually for our flagship diversity event last week gaining insight into topics ranging from progress on D&I issues and creating an impact to trends shaping the infrastructure industry. Here are some key highlights.

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