PROGRESS’ IMPACT ON DIVERSE AND EMERGING MANAGER INDUSTRY AND BEYOND | 1990 – 2020
Insights from Progress' Chairman and Chief Executive Officer, Thurman V. White, Jr.
Progress Investment Management Company, LLC (“Progress”) announced late last year to its clients, employees and sub-managers that the firm’s senior leadership has made a strategic business decision to wind down the firm’s operations toward a mid-year 2020 closing. Progress is an SEC-registered investment adviser and multi-manager specialist. The 100% employee- and minority-owned firm manages assets for many of the largest pension funds and foundations in a variety of public markets investment strategies.
With the impending closure of Progress Investment Management Company, the firm's Chairman and CEO Thurman White shares his thoughts on the evolution of Progress, the impact it made on the emerging manager industry, and his own legacy.