Racial Equity

Actions for racial equity in the investment management industry


In Brief

This workplace transformation guide considers the state of racial equity, diversity and inclusion (REDI) for the investment management industry and shares insights, actions, common pitfalls and examples from leading organizations that are part of the Expanding Equity (EE) program network.

The guide recommends actions companies can take, organized by the four pillars – or areas of opportunity – of the EE program, where the investment management industry can advance REDI, including a mini-case study from a peer company:

  • Attract – Attracting and hiring professionals of color into the company to increase representation at all levels of the organization
    • Case study from Värde Partners on creating entry-level pathways
  • Belong – Ensuring that all professionals, regardless of racial/ethnic group identity, feel respected and can be successful
    • Case study from KKR on launching an inclusion network and expanding an Inclusion & Diversity Council
  • Promote – Ensuring that professionals of color feel supported and have the same advancement opportunities as White professionals​
    • Case study from BlackRock on implementing a sponsorship program for Black and Latinx managing directors and directors
  • Influence – Advancing racial equity through an organization’s products, services or relationships in the industries and communities in which it operates
    • Case study from Vista Equity Partners on launching an external board program to source diverse board candidates for its portfolio companies

Why This Guidebook Matters

This guide will help leaders:

  • Understand the current research and the state of REDI in the investment management industry
  • Learn and gain inspiration from industry peers on what they are doing to attract diverse candidates, increase inclusion and belonging, promote and develop employees and ultimately advance REDI through products, services and relationships
  • Strengthen leadership skills and practices for advancing REDI and transforming company culture

Perspectives from Our Investments Team

We invited members of the Kellogg Foundation’s investments team to share what they hope readers will consider in the guide:

Take Action


Comments are closed.