Mon, May 17, 2021
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

ILPA focuses on diversity and inclusion with new effort

Tuesday, April 27, 2021

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......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. U.S.: Hedge funds facing Biden tax threat grab toehold in Puerto Rico[more]

    From Bloomberg: With Democrats pushing for higher taxes on the richest Americans to fund President Joe Biden's infrastructure and climate initiatives, hedge fund managers are taking refuge in Puerto Rico. ExodusPoint Capital Management and Millennium Management have established subsidiaries on t

  2. SPACs: SoftBank-backed Better to go public in $7.7bn SPAC deal, Turmoil in the SPAC market, SPACs that raise a lot of money will struggle to find startups, Biotech firm Ginkgo to merge with Harry Sloan-led SPAC in $17.5 billion deal[more]

    SoftBank-backed Better to go public in $7.7bn SPAC deal From PE Insights: SoftBank Group Corp-backed Better HoldCo said on Tuesday it will go public through a merger with a blank-check firm sponsored by investment firm Novator Capital, valuing the mortgage startup at $7.7bn. As p

  3. Hedge fund Tiger Global beats out Silicon Valley VCs, invests in 110 startups so far[more]

    From Business Insider: Tiger Global, a $65 billion hedge fund, is squeezing out venture capital firms to invest in startups. The company has taken part in 110 startup financings so far in 2021, according to PitchBook. Venture capitalists say its speed and sky-high valuations lead to its success

  4. SPACs: Why the 'SPAC Mafia' hedge funds aren't worried about SEC regulation, Bill Ackman's cagey SPAC update sends shares soaring as investors dream up a mega-deal, Arqit raising $400m with a SPAC to launch quantum encryption satellites in 2023[more]

    Why the 'SPAC Mafia' hedge funds aren't worried about SEC regulation From Business Insider: After a yearlong bout of SPAC mania, the red-hot market for blank-check companies is cooling down as regulators direct their attention to it. March was a record-breaking month for special-purpose

  5. Private strategies pay off for Tiger Global, other hedge fund titans[more]

    From Institutional Investor: Hedge funds' strategies to invest in private markets have been driving returns at a number of firms this year. Third Point, Greenlight, Tiger Global, and Maverick received big boosts in the first quarter from their private investing strategies. That shouldn't be a