Cambridge Associates has met its goal of doubling investments with diverse managers three years earlier than the firm had initially targeted. In 2020, Cambridge Associates set out to double its assets under advisement with diverse managers by 2025. At the time, that number was 5%. Women and people of color make up more than 10% of the asset management universe but hold less than 2% of invested assets. Diverse managers are defined as firms that are at least 33% percent owned by women or people of color. Upon reaching its goal early, Cambridge Associates updated its diverse manager investment target to 15% by 2025. Sixty-two percent of Cambridge Associates’ clients hold investments with diverse managers, and social equity was identified as a top driver for impact investing capital in an international survey conducted by the firm.