Overview
The Milken Institute has long emphasized the importance of diversity, equity, and inclusion (DEI) across the business community, and its DEI in Asset Management Program aims to achieve greater diversity across the industry from the entry-level to the executive level.
Among the initiatives launched through the program are issue-specific research, the establishment of a high-level Advisory Council, and a series of roundtable discussions focused on advancing diversity in asset management, with a particular focus on women and Black Indigenous People of Color (BIPOC).
Statistics
2%
Percentage of asset managers who are Black Indigenous People of Color (FundFire, Fall 2017)
62.5%
Percentage of time that diverse private equity funds outperform the mean (National Association of Investment Companies)
28%
Percentage of GPs who have set minimum targets for board-level diversity (ILPA, May 2021)
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Related Research
Senior Director Blair Smith hosted Robert F. Smith, founder, chairman, and CEO of Vista Equity Partners, for a conversation on capital infusion transforming communities and the importance of digitalization for the future.
Watch the VideoWith the Program’s inaugural underwriter, Carlyle, the Milken Institute is calling upon asset managers to help shape, support and galvanize a more diverse and inclusive industry.
Contact UsMost recognize that a workforce powered with unique voices, personalities, and thinking styles can provide a competitive edge in advancing business goals and better investment outcomes for asset managers. Yet what are we doing to progress beyond hitting quotas and checking boxes?
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Meet the Executive Council
Wayne A. I. Frederick, MD
President, Howard University
Indhira Arrington
Managing Director and Global Chief Diversity, Equity and Inclusion Officer, Ares Management
Ruulke Bagijn
Head of Global Investment Solutions Segment, Carlyle, Chair of the Board, AlpInvest
Aron Betru
Chief Strategic Officer and Chief Operating Officer, Trident
Matthew Breitfelder
Partner and Global Head of Human Capital, Apollo Global Management
Tina Byles Williams
Chief Executive Officer, Chief Investment Officer, and Founder, Xponance Inc.
Scott Chan
Deputy Chief Investment Officer, CalSTRS
Michelle Gadsden Williams
Managing Director & Global Head of Diversity, Equity and Inclusion, BlackRock
Neal Wilson
Co-CEO and Co-Chief Investment Officer, EJF Capital LLC
Katherine Jollon Colsher
President and CEO, Girls Who Invest
Ken Kencel
President and CEO of Churchill Asset Management
Melissa L. Bradley
Adjunct Professor, Georgetown University, Managing Partner, 1863 Ventures
Lisa Murray
Chief Investment Officer, Investments, Ewing Marion Kauffman Foundation
Eric P. Epstein
Managing Member; President, Davidson Kempner
Carlos Rangel
Vice President and Chief Investment Officer, W.K. Kellogg Foundation
Marcos Rodriguez
Chairman and Chief Executive Officer, Palladium Equity Partners
Martin Taylor
President, One Vista, Senior Managing Director & Co-Head, Foundation Fund
Jarvis V. Hollingsworth
Chairman, Board of Trustees, Teacher Retirement System of Texas
Kim Y. Lew
President and CEO, Columbia Investment Management Company