Funds Allocation Demonstrates Commitment to Supporting Diversity and Social Responsibility
Washington, DC, August 23, 2013 — The Association of Asian American Investment Managers (AAAIM), a national non-profit dedicated to the advancement of Asian American & Pacific Islanders in the field of investment management, congratulates BAML Capital Access Funds Management, LLC (“BAML Capital Access Funds”), a subsidiary of Bank of America Corporation, on successfully allocating $1 billion in institutional capital to private equity funds led by diverse managers.
The announcement that BAML Capital Access Funds has reached this milestone is greeted warmly by AAAIM leadership. “As the global recovery continues and more economic opportunities present themselves, it is critical that diverse businesses be included,” said Chris Chan, AAAIM’s President. “The announcement that BAML Capital Access Funds has taken the extraordinary step to facilitate so many investments in diverse managers, and the underserved communities they work with, is a great testament to the achievements of sound business and social responsibility coming together.”
BAML Capital Access Funds Managing Director and AAAIM Board Member Sanjiv Shah added, “We are incredibly proud of our role in connecting institutional investors with funds that support diverse managers across the country and look forward to doing even more in the years to come.”
ABOUT AAAIM
Founded in 2006, AAAIM’s mission is to provide greater access and leadership mobility for Asian Americans in the world of investment management. Challenged with a lack of diverse leadership in the field, AAAIM advocates with pension funds and institutional investors to hire qualified minority and women investment professionals and fund managers. AAAIM has an active young professionals program, and have partnered with the Toigo Foundation to provide scholarships to deserving Asian American graduate students to enter the investment sector. The organization’s goal is to help Asian Americans break through this ceiling and establish a successful pipeline for AAPIs to grow into the next generation of leaders that reflect a more inclusive economic society.
If you would like more information about this topic, please contact Chris Chan at 202-304-0408 or email at chris.chan@aaaim.org.