Congratulations to MPowered Capital for closing its first fund to invest in diverse talent in private alternative markets. At NEPC, we’re passionate about promoting diversity in the industry and are proud to join forces with MPowered in this mission. As Kristine Pelletier notes, we’ve seen firsthand how institutionalized 360-degree diversity programs lead to better results for clients, which is why we’re impressed with MPowered’s holistic approach and tailored structures for working with diverse talent. We’re thrilled to continue to support novel solutions in the industry and shifting the talent pool towards inclusivity. View the announcement on Yahoo Finance’s site here.
MINNEAPOLIS, April 04, 2023 (GLOBE NEWSWIRE) — MPowered Capital (“MPowered”) today announced the final close of MPowered Capital Access Fund I (“the Fund”) with $110 million in committed capital. The Fund, which received support from institutional investors, including foundations, family offices, and the consultant community, seeks to generate superior risk-adjusted returns through investments in diverse talent in private alternatives.
As of the final close, the Fund has invested in or alongside 11 diverse investment managers, including L2 Point Management, Sidereal Capital, Kinzie Capital, and Collide Capital.
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Kristine Pelletier, Partner at NEPC, said: “NEPC is proud to invest in MPowered Capital Access Fund I and join MPowered in our collective efforts to increase access to diverse talent in all its forms. At NEPC, we’ve seen firsthand how institutionalized 360-degree diversity programs can lead to better results for our clients, which is why we were so impressed by MPowered’s holistic approach to working with diverse talent and the innovative, tailored structures they employ. We are excited to see such novel solutions coming to the marketplace focused on shifting the profile of the industry’s talent pool and increasing access points to the investment management industry.”
Read the full article on Yahoo Finance’s website here.