The Framework

Participating organizations agree that their diversity, equity and inclusion actions include a combination of foundational and optional activities as indicated below:
  • Has in place a DEI statement or strategy, communicated publicly, and/or a DEI policy communicated to employees and investment partners, that addresses recruitment and retention*
  • Tracks internal hiring and promotion statistics by gender and race/ethnicity**
  • Has in place organizational goals that result in demonstrable practices to make recruitment and retention more inclusive
  • Requests (LPs) or provides (GPs) DEI demographic data, e.g., ILPA Metrics Template, for any new commitments (LPs) or new fundraises (GPs)**

* In addition, participating organizations should address harassment, either within the DEI policy or within a separately articulated policy or statement.

** At a minimum, gender data. Racial/ethnic data to be provided in jurisdictions allowing for the capture and reporting of such information.

  • Tracks gender and race/ethnicity statistics within partner organizations (LPs: managers; GPs: portfolio company boards/management teams)**
  • Has assigned senior-level DEI accountability, aligned with an investment or senior management role
  • Provides unconscious bias training for employees on an ongoing basis
  • Has in place diverse employee resource groups
  • Incorporates contributions towards advancing DEI into employee performance reviews
  • Commits to encourage and promote diversity within boards of directors at portfolio companies
  • Requests (LPs) or provides (GPs) DEI demographic data, e.g., ILPA Metrics Template, for all funds, i.e., not solely new commitments/new fundraises**
  • Supports DEI research in the private markets industry by participating in surveys that capture data on diversity in the workforce
  • On a programmatic basis, supports industry efforts to educate underrepresented groups about careers in private markets

** At a minimum, gender data. Racial/ethnic data to be provided in jurisdictions allowing for the capture and reporting of such information.