(Reuters) Global tech investor Insight Partners has raised $118 million in its second 20/20 Vision Capital fund that aims to invest in venture capital funds led by diverse managers, the firm told Reuters. This new fund expands a strategy Insight first started in 2020, after its own employees pledged $15 million of their personal capital…

(TechCrunch) Meta’s planned Twitter killer, Threads, isn’t yet publicly available but it already looks like a privacy nightmare. Information provided about the app’s privacy via mandatory disclosures required on iOS shows the app may collect highly sensitive information about users in order to profile their digital activity — including health and financial data, precise location, browsing…

(PitchBook) What GPs, LPs really think about Impact and ESG Opinions on Impact investing and ESG frameworks in the private markets are often described as politically polarized, and there are no signs that portrayal could soon fade. But between the sustainable investing die-hards and the anti-ESG stalwarts, there’s a much bigger set of investors with…

(Politico) Corporate diversity efforts could be on the chopping block following the Supreme Court’s decision barring the use of race as a direct factor in college admissions. The court’s six conservative justices ruled that two colleges’ admissions practices discriminated against white and Asian American applicants through race-based policies that benefited applicants from other backgrounds. Read more here.

(WSJ) New international sustainability reporting standards could fulfill their ambition in becoming the global baseline as the advantages of using a single standard worldwide may, for many companies, outweigh the disadvantages of being more demanding than the SEC’s coming climate reporting rules. On Monday, the International Sustainability Standards Board released its initial two reporting standards. The…

(WSJ) California Public Employees’ Retirement System ratcheted up its scrutiny of private-equity manager Blackstone in the wake of a child labor scandal at a company the firm owns.   During a Tuesday investment committee meeting, Anton Orlich, managing investment director for private equity, said Calpers had demanded that representatives of Blackstone come to the pension’s Sacramento headquarters…

(TechCrunch) Earlier today at a Bloomberg conference in San Francisco, some of the biggest names in AI turned up, including, briefly, Sam Altman of OpenAI, who just ended his two-month world tour, and Stability AI founder Emad Mostaque. Still, one of the most compelling conversations happened later in the afternoon, in a panel discussion about…

(Bloomberg) It’s a bargain-hunter’s dream, and for sellers it’s sometimes the only good option left. Secondary markets — where backers of closely held startups can sell their stakes to other investors — are drawing increasing interest from venture capital funds and other money managers seeking to snap up chunks of private companies on the cheap.…

(Financial Times) Advocates of more environmentally and socially responsible models of capitalism have had the upper hand in recent years. In the US, however, they have run into a serious backlash: red-state politicians have sought to blacklist banks and asset managers they deem to be boycotting fossil fuels, brands including Bud Light and Target are…

(The Verge) A few months after graduating from college in Nairobi, a 30-year-old I’ll call Joe got a job as an annotator — the tedious work of processing the raw information used to train artificial intelligence. AI learns by finding patterns in enormous quantities of data, but first that data has to be sorted and tagged…