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Bailey McCann, Opalesque New York:

ILPA's effort to get private equity to focus on diversity and inclusion seems to be gaining traction. In December of last year, the Institutional Limited Partners Association announced its "Diversity in Action" initiative with the goal of getting private equity sponsors and investors to take concrete steps toward improving diversity and inclusion. At that time, 46 entities had signed on. As of this month, 133 organizations have joined the effort.

ILPA has released a new report highlighting the success of Diversity in Action to date. The initiative focuses on three areas - metrics and data capture; integrating diversity into investment strategies, talent pipeline and culture. For sponsors and investors that sign on to the initiative, ILPA wants to see a public commitment to improvements in diversity and inclusion as well as data measuring an organization's efforts to improve.

ILPA has defined a number of best practices that are designed to help signatories begin to collect diversity and inclusion data, and identify potential candidates. They are also working with sponsors to identify ways to capture diversity and inclusion data within portfolio companies.

According to the report, so far 56% of attending LPs have a DEI statement, while another 31% are in the process of developing one. 51% of attending LPs request data on at least gender diversity, and an additional 40% are considering incorporating diversity metrics into......................

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