Analysis & Consulting
for
Private Markets

Entrepreneurs and the companies they start are pivotal for stimulating the innovation needed for economies to grow and societies to progress. We all know the stories of the founders who built their global companies out of a single-car garage or their freshman dorm room, but the individuals and groups that provided them the needed money in the beginning are less often discussed. In this post, Samuel Holt explores the angels and angels groups who provide critically important funding in a company’s early days, and discusses some of the best practices that help these financiers succeed.

In a recently published study funded by the John S. and James L. Knight Foundation, we follow up on our landmark 2018 work that offered the first comprehensive look at diverse ownership of asset management firms. In this updated analysis, we quantify the representation of women- and minority-owned firms in the U.S. asset management industry, and explore in more depth the performance of diverse-owned funds. We find that these groups perform just as well as the industry overall, despite accounting for only a small percentage of firms.