Historically, economic growth and job creation have led to prosperity in the US, though not all segments of society have prospered equally. Access to capital is the chief limiting factor for 11 million minority- and women-owned businesses. Personal relationships and networks are key to securing investment opportunities; scaling up diverse financial institutions is critical to funding for diverse entrepreneurs. Private equity and venture capital can transform vulnerable enterprises, create new entities, and generate wealth. Yet while minority- and women-owned private equity firms constitute 34 percent and 29 percent, respectively, of top quartile performers, such firms manage only 1.3 percent of the industry's $69 trillion in assets. Public pensions and endowments allocate only 0.7 percent to diverse managers, and corporate benefit plans allocate only 0.03 percent of AUM. Institutional investors and stakeholders review best practices for developing diverse and emerging manager programs.