Diversity becomes key metric in fundraising
Early data from McKinsey & Company suggests an LP preference to invest in funds boasting increasingly diverse investment teams.
The firm’s, The state of diversity in global private equity markets: 2022, research stated this to be the case even if it would entail allocating capital to a firm with comparatively poorer historical performance.
McKinsey conducted an experiment in which LPs with AuM ranging from $20bn to $460bn were asked to allocate $100m between two hypothetical PE funds.
Both
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