Diversity, Equity and Inclusion
Private markets stakeholders are increasingly prioritizing diversity, equity and inclusion, both within their own organizations as well as within their portfolios. An ever-increasing number of organizations are taking on the challenge of changing the shape of the industry, in pursuit of real benefits in terms of culture change and improved investment outcomes.
ILPA believes that progress on DEI requires intention and action on both the part of LPs and GPs and has built our DEI work around this core tenet. ILPA works to advance DEI in private markets by:
1) Bringing together leaders on DEI to share best practices with one another and the broader industry
2) Providing research and resources to help industry stakeholders at every stage of their journey on DEI
3) Connecting LPs with talented, diverse managers
4) Providing input on policy developments across the globe
Visit ILPA Connect to discuss actionable DEI in a member-only forum.
The ILPA Diversity in Action initiative brings together limited partners and general partners who share a commitment to advancing diversity, equity and inclusion in the private equity industry. The goal of the initiative is to motivate market participants to engage in the journey towards becoming more diverse and inclusive and to build momentum around the adoption of specific actions that advance DEI over time.
The DEI Roadmap is comprised of best practices that both general and limited partners can consider implementing to advance DEI efforts on behalf of their organizations and the private markets industry at large.
The ILPA Diversity Metrics Template, first released in 2018, can be used to capture diversity data within organizations. A revised version of the Template will be out for public comment in Summer 2021. Enhancements will include globally relevant race/ethnicity definitions as well as an extension of the template to reflect portfolio company diversity data.
The DEI Supplement within the ILPA ESG Assessment Framework is a reference document for LPs looking to understand how a GP's level of sophistication on DEI compares to others in the industry and to track progress over time.
Many LPs are actively seeking opportunities to add talented diverse managers to their pipeline. To help members towards this goal, ILPA is partnering with the NAIC to host diverse manager roadshows.
ILPA brings together thought leaders in our membership and the industry more broadly to discuss DEI at events and townhalls. Rewatch ILPA's April 2021 member-only event for a comprehensive overview of our work and an industry update on DEI.