Assisted Research for a UK endowment UKEND090724 – Deadline: Thursday 1st August 2024
CAMRADATA are running an Assisted Research exercise for a UK endowment that would like to work with managers that have racial equity as a theme for allocation. The managers’ racial equity focus can be situated within the themes of housing, social mobility, health and climate / just transition. Beyond leveraging it as a theme for allocation, managers who have racial equity incorporated from the perspectives of stewardship, workforce and sustainability in their organisation may also be considered. Ultimately, the endowment’s vision is to catalyse equitable access to financial resources for Black and Minority Ethnic-led organizations & their communities to consequently enable enhanced social, economic, and cultural well-being.
| Asset Class | Diversified allocations across multiple assets inc., public equities, real estate, private debt, private equity and venture capital |
| Deadline | 1st August 2024 |
| Management Approach | Active / Passive |
| Geographical Focus | A preference for a UK based asset manager but open to those investing globally |
| Benchmark | Average of 4% (agnostic between income or growth) |
| Currency | GBP |
| Fund Structure | Pooled, Pooled / Mutual |
| Size of Potential Mandate | £20m total funds across the asset classes |
| Track Record | At least 2 years but open to emerging managers operating in and around racial equity |
| Any Restrictions/Hard Requirements | 1. Investments are to be made in capital allocators who are from Black and Minority Ethnic communities. 2. Investments are to be made in enterprises that are Black and Minority Ethnic led 3. Investments are to be made in products and services that serve the needs of Black and Minority Ethnic communities. 4. In line with ESG standards |
| Any other data fields that need to be provided? | 1.Transparency on costs to be provided as supplementary material as this is for a UK endowment 2.Information on team profile. |
| Investor Profile (optional) | We will select fund managers with specific asset class expertise while the holistic portfolio will be managed in-house |
| Accepted Legal Fund Structures (e.g. UCITS, SICAV etc.) | 1. Open to proposals / suggestions 2. Not interested in owning stocks and shares individually |
| Stage | Looking for new Asset Managers |
| Timescale | Looking to assign mandate in 6 to 12 months |
Please submit relevant vehicle(s) to assistedsearches@camradata.com