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A radical overhaul of recruitment processes is needed, say co-CEOs at True Platform, Brad Stadler and Joe Riggione.
Women diversity
More than half of UK and continental investment teams were all-white last year and 12% featured no women, according to analysis by the two organizations.
The firm says the sub line, which is tied to board diversity in its portfolio companies, is the largest ever ESG-linked line in the US. And it anticipates doing more, say two executives involved in the transaction.
Firms foresee permanent change to their operating models as a result of the pandemic, and their focus has shifted from employee productivity to diversity and inclusion initiatives.
Kara Helander and Anna Edwin discuss how they are building diversity, equity and inclusion within their firms, and how the racial justice movement and pandemic have generated momentum for sustained action.
The survey results were discussed onstage at PEI's CFOs & COOs conference in New York on Wednesday.
Poor diversity levels are under scrutiny from LPs.
Panelists at PEI’s Responsible Investment Forum in New York 2019 give advice on how firms can improve their hiring process and internal culture to steer towards greater diversity.
A new report shows the number of women-owned funds raised in 2017 is less than 3 percentage points higher than in 2006, and for minority-owned funds the increase is even narrower.
More than half of GPs are currently making an effort to increase diversity in their teams.
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