PE’s DEI strategies fall short
According to Jensen Partners, private equity firms need to assign ownership over their DEI processes for these to bear fruit.
The firm’s, A Movement Takes Shape 2022, highlighted how diversity in the industry still has a long way to go, despite DEI statistics becoming a key metric in fundraising.
According to the report, very few managers have adopted a systematic, data-driven approach to diversity similar to the approach they apply to their core business objectives.
However, Jensen Partners identified a consistent correlation between HR-led diversity committees and underperformance relative to peers on key DEI metrics.