BII is proud to announce we are partnering with Impact Finance Center, a nonprofit center that identifies, trains, and activates individuals and organizations to become impact investors. Currently, IFC is raising funds to create a shared-ownership, due diligence database of emerging diverse managers in all asset classes. BII’s partnership with IFC will focus on promoting opportunities in the impact and values-aligned investing spaces!
It’s a known fact that investment firms owned and run by women and people of color manage only a small proportion of institutional assets under management (AUM). Investing with these diverse managers provides access to unique investment opportunities that otherwise may be overlooked. To catalyze investments in emerging diverse managers, Impact Finance Center (IFC) is creating a shared-ownership, due diligence database of emerging diverse managers in all asset classes, and is partnering with Boston Impact Initiative (BII), a nonprofit impact investing fund working to build financial, social, and political power for entrepreneurs of color in Massachusetts and the Northeast to showcase integrated capital funds building community wealth and power. This sorely needed infrastructure will help to increase allocations to diverse asset managers and help move them from emerging to established while building capabilities and capacity.