Outsourced Investment Firms Totaling Nearly $160 Billion in Assets Under Advise Adopt Diversity Tools from Lenox Park Solutions

A growing number of Chief Investment Officer (“OCIO”) outsourced companies are adopting data aggregation technology, impact scores and benchmarking metrics developed by Lenox Park Solutions as standard tools for measuring diversity, Equity and Inclusion (“EID”)

NEW YORK, June 29, 2022–(BUSINESS WIRE)–Lenox Park Solutions, Inc. (“Lenox Park” or the “Company”), a leading financial technology collaboration and data analytics company, reported that OCIO companies totaling nearly 160 billions of assets under deliberation now use data aggregation tools, impact scores, and benchmark metrics to encourage DEI transparency and reporting among asset managers in their portfolios.

Lenox Park, which provides virtual platforms for peer-to-peer collaboration, data aggregation and data analysis, has long been the leading solution provider for public pension funds seeking to collect data and communicate standardized Diversity, Equity and Inclusion (“DEI”) metrics. Many of the largest public pension funds in the United States subscribe to the company’s services, including California Public Employees’ Retirement System, Teachers’ Retirement System of The State of Illinois, Maryland State Retirement & Pension System, Massachusetts Pension Reserves Investment Management, New York State Common Retirement Fund, State of Rhode Island Office of the General Treasurer and Teacher Retirement System of Texas. Over the past 24 months, Lenox Park has also become the preferred DEI analytics provider for leading foundations and foundations taking concrete steps to deepen their gender and racial equity efforts: in fall 2020, the Kresge Foundation and the MacArthur Foundation announced a partnership. with Lenox Park to promote an industry standard on how to aggregate and evaluate DEI data. Since then, the company has added several counterpart foundations, including the Ewing Marion Kauffman Foundation, the WK Kellogg Foundation Trust, the McKnight Foundation, the Andrew W. Mellon Foundation, and the Rockefeller Foundation, to name a few. University endowments have also sought Lenox Park’s technology tools to help with data aggregation and analysis around DEI in their investment portfolios.

Also among Lenox Park’s impressive list of clients is a growing cohort of OCIO which now includes Agility, Brown Advisory Incorporated, CornerStone Partners Capital Management, LLC, Hall Capital Partners LLC and Syntrinsic Investment Counsel. “I really admire the group of OCIO who we have cultivated a relationship with,” said Jason Lamin, Founder and CEO of Lenox Park. “Working with them, we have benefited from and been able to integrate much of the work and perspective they have garnered over the years from their own client networks, and together we are pushing the industry of asset management towards tangible progress in standardizing transparency and reporting around DEI, and adopting generally accepted accountability standards.”

According to a recent study by the Knight Foundation, only 1.4% of capital is represented by diversified managers; given that much of the $80+ trillion asset management industry is influenced by investment consultants and OCIOs, these organizations are in a unique position to address this unacceptable participation of women and people of color. Lamin added, “To move DEI forward in a meaningful way and at an acceptable pace, we must first aggregate clean, consistent, and standardized data from primary sources. ‘assets now using our tools, metrics and benchmarks, we have proven that we can do it well; but it is imperative that our industry sees even more coalescence among capital allocators to fully embrace these standards and avoid some of the pitfalls observed in the broader ESG space where multiple competing metrics OCIOs are critical to broad industry adoption and can ultimately pave the way for greater transparency as the industry strives to achieve group participation under -represented and systematically excluded.

“Agility is committed to advancing DEI transparency in the asset management industry that reflects our priorities and those of our clients. We believe that to improve the pace of participation for underrepresented groups, it is imperative to in place constructive discussions and accountability measures.We engage our managers around the diversity of their entire staff, including not only owners, but also investment teams who ultimately drive our customers’ money, and we’re excited to subscribe to a standard, common language around evaluation using the Lenox Park LPI score and benchmarks,” said Amita Schultes, Ph.D., Partner at Agility “We believe that using a generally accepted, universal language that assesses the entirety of a company’s diverse representation is good for the industry and for the managers themselves, who often look for standardized reports.”


Lenox Park Solutions, Inc. is a financial technology company serving the financial services industry. We leverage significant domain expertise in building technology solutions that enable collaboration, data aggregation and analysis, and generation of investment manager and transaction insights. Our mission is to promote the democratization of access to capital for industry participants through transparency and the use of technology to eliminate bias and promote meritocracy.

Our flagship technology platform, RoundTables™, is a cloud-based ecosystem for financial services companies that provides access to two main tools and lines of business: i) data aggregation and analytics, which includes the RoundTables surveys, and the Lenox Park Diversity Impact Score (LPI) DEI Index, and other data-driven assessment tools; and (ii) collaboration, syndication and networking technologies, such as our Peer Organized Domain Roundtables (PODs) which function as thematic private peer networks, enabling collaboration around investments, events and other contributed content. Specific applications include manager selection, co-investment syndication, secondaries and investment strategies.

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Chris Finley
CFO and co-founder
[email protected]