The Institutional Limited Partners Association (ILPA) has published an online Diversity & Inclusion (D&I) Roadmap for the global private equity (PE) industry. The Roadmap is comprised of best practices that both general and limited partners can adopt to advance D&I at their own organisations and throughout the PE ecosystem. Each best practice is accompanied by a list of resources that supports the practice’s implementation. As the Roadmap is intended to be an ongoing source of up-to-date, actionable information, outside submissions of additional best practices and resources are encouraged.
“Over the last several years, we have seen many organisations take substantive steps to improve diversity and promote inclusion within our industry,” says Steve Nelson, Chief Executive Officer, ILPA. “The ILPA D&I Roadmap should serve as clearing house of information, where industry participants can share ideas and insights, and learn from the experiences of others. Today’s publication offers a baseline of practices which ILPA intends to grow over time with contributions from the full range of industry stakeholders in order to promote these important ideals and maximise the collective impact.”
The ILPA D& I Roadmap is organized into five categories of action, which support an organisation’s ability to:
• Demonstrate Organisational Support for D&I
• Attract and Promote Diverse Talent
• Build and Sustain Inclusive Cultures
• Apply D&I to Investment Strategy
• Measure & Benchmark Progress
The Roadmap primarily focuses on D&I efforts for the private equity industry, but many of its suggested practices are applicable to the broader private markets. The initial listing of more than 30 best practices and 100-plus resources was provided by the ILPA Diversity & Inclusion Advisory Council as well as other PE stakeholders including fund managers, investors and industry associations.
