ILPA launches diversity initiative
Following the launch of its ‘Diversity in Action’ initiative, ILPA has announced the founding signatories; 46 GPs and LPs.
The signatories have publicly committed to take concrete steps to advance diversity, equity and inclusion, within their organisation and across the industry.
The initiative offers nine actions that can be taken. Signatories must take four ‘essential’ actions, and at least two additional actions. The framework includes a range of actions including talent management, investment management and industry engagement.
From March 2021, ILPA will publish quarterly updates listing Diversity in Action signatories, as well as an analysis of the specific actions in place as well as emerging best practices.
“As the private equity industry strives to make even more significant progress on DEI, a limiting factor has been the challenge associated with knowing how your peers are approaching the issue,” said Steve Nelson ILPA’s chief executive officer. “The Diversity in Action Initiative offers, for the first time, a platform not only to showcase the incredible work underway but also to surface ideas and resources that may inspire others to do more on DEI; the value of that information is really hard to overestimate.”