Assertion Supported AI assessment confidence: 90% certainty 4/5 debate potential 1/5

Asset allocators set funding records for diverse managers in 2020 and 2021

Carla Harris · Carla Harris – Pearls of Career Wisdom (Capital Allocators, EP.267) · Aug 22, 2022 · at 34:02

Carla Harris, Senior Client Advisor at Morgan Stanley, discusses capital allocation trends to diverse fund managers and founders.

0:00 / 0:13exact quote · 13.8s

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“20 20 and 20 21 were record years with respect to asset allocators giving money to either funds that were run by people of color or businesses that were founded by people of color and women.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

The years 2020 and 2021 were record years for asset allocators funding funds run by people of color and businesses founded by women and people of color.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

Data across PitchBook, Crunchbase, and the Knight Foundation confirm that in absolute dollar terms, 2020 and 2021 were record years for institutional and venture capital allocated to both funds managed by people of color and companies founded by women and people of color. In 2021, venture funding for solely female-founded U.S. startups reached an all-time high of $6.4 billion (with female co-founded businesses reaching $61.5 billion), and funding for Black-founded startups reached a record $5.1 billion to $5.2 billion. Simultaneously, institutional allocations and new fund formations for minority- and women-owned asset management firms hit record nominal levels in 2020–2021, confirming all assertions of the statement.

PitchBook reported in January 2022 that U.S. startups founded solely by women raised a record $6.4 billion in 2021 (an 83% jump over 2020), and startups with at least one female founder raised a record $61.5 billion.
Crunchbase Diversity Spotlight data showed Black-founded startups in the U.S. raised a record $5.1B–$5.2B in venture funding in 2021, more than four times the capital raised in 2020.
The Knight Foundation and Bella Private Markets December 2021 study, along with Fairview Capital/NAIC reports, documented record total nominal AUM and new fund commitments for minority-owned asset management firms across 2020 and 2021.

Checked against

[1] newpowerlabs.org [2] pitchbook.com [3] gamesbeat.com [4] forbes.com [5] pitchbook.com [6] businessinsider.com [7] crunchbase.com [8] facebook.com

"Knight Diversity of Asset Managers" 2021 "assets under management" percentage PitchBook "female founders" "2021" "record" "$6.4 billion" OR "$55 billion" OR "$61.5 billion" PitchBook funding female founders 2021 record dollar amount Crunchbase funding Black founders 2020 2021 record Knight Foundation Diversity of Asset Managers 2021 report Crunchbase "Black founders" 2021 record "5.2 billion" OR "$4 billion"

assessed as of 2026-09-02

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

asset allocators businesses founded by people of color and women funds run by people of color

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