Driving Inclusion in Alternatives: Diversity, Equity & Inclusion in Private Markets
Private market firms are placing greater emphasis on inclusion—both within their organizations and across their portfolios—recognizing it as a driver of cultural transformation and superior investment outcomes.
We are committed to practices that promote the representation and participation of people with varied backgrounds, experiences and perspectives and ensure individuals fair access to opportunities and resources. Additionally, foster a workplace culture where all individuals feel respected, supported and empowered to contribute and succeed.

Overview of ILPA’s Inclusion Strategy
ILPA believes meaningful progress comes from both limited partners and general partners taking initiative. Our multi-pronged approach includes:
- Bringing together industry leaders to exchange best practices and insights
- Publishing research and tools to guide stakeholders at each stage of their inclusion journey
- Connecting LPs with emerging, high-potential managers
- Informing policy discussions around the globe to support inclusive frameworks

Resources
Access a range of resources offering guidance on building respectful, inclusive, and high-performing teams including articles, tools, and actionable strategies.
Updated in 2024, ILPA first released this ESG Assessment Framework in 2021 to help limited partners evaluate and understand…
The DEI Monitoring Questionnaire, modeled in alignment with ILPA’s Due Diligence Questionnaire, is meant to guide the efforts of…
View the roundtable materials from the MCON 2023 DEI Roundtable providing an insight into GP and LP DEI efforts.
While LPs have embraced the benefits of integrating DEI into investment programs and organizational culture, many struggle with defining…
The ILPA DDQ and Metrics Template are intended to standardize the key areas of inquiry posed by investors during…
As more LPs contemplate how to integrate DEI into their investment strategies, many struggle with defining diversity at the…
Description: Is your organization working to prioritize Diversity, Equity and Inclusion? Are you curious about what other LPs are…
ILPA Inclusive Culture & Accountability Roadmap
This roadmap provides a set of voluntary practices for institutional investors and asset managers committed to inclusive culture building and responsible organizational stewardship. These practices are intended to align with and reflect global best practices for fostering a respectful, transparent, and performance-driven workplace culture.


ILPA Driving Inclusion in Alternatives Initiative
The ILPA Driving Inclusion in Alternatives(DIA) 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.
ILPA-NAIC Emerging Manager Roadshows
Many LPs are prioritizing stewardship and 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 emerging manager roadshows. NAIC is the largest network of diverse-owned private equity firms focused on increasing the flow of capital to high-performing diverse managers.
To learn more about upcoming events and express interest in attending, please reach out to diversity@ilpa.org
For more information on diverse managers entering the market check out the NAIC’s Managers in the Market Report. This quarterly compendium of tear sheets of NAIC member firms includes those that are currently fundraising, have recently closed funds or have funds coming to market within the next 12 months.
Join the Inclusive Conversation
Visit ILPA Connect to discuss actionable DEI in a member-only forum.