By Sushma Kaushik, Partner at Aavishkaar Capital – Globally, Gender Lens Investing (or GLI) is gaining interest as more investors and financial institutions are adopting this as part of their investment strategy. Gender Lens Investing is very simply, an investment strategy that factors in gender analysis to advance equality and redress the gender imbalance within businesses.
Diversity & Equality
The SBAI, a global alliance of alternative investment managers and allocators and custodian of the Alternative Investments Standards, has released the first publication as part of its Culture and Diversity Initiative - Principles of Culture and Diversity Strategies.
Included VC, a global initiative building diversity within venture capital backed by 12 top-tier global funds and hundreds of community partners, has completed its second Fellowship programme.
KKR has appointed Kerryann Benjamin as Chief Diversity Officer and Head of Talent Management, effective immediately. In this role, Benjamin will be based in New York and will drive KKR’s diversity, equity and inclusion (DEI) strategy, a strategic priority for the firm, as well as KKR’s global talent development strategy.
Prudential makes USD200m commitment to diversity, equity and inclusion through private equity investments
Prudential Financial has made a USD200 million commitment through the Prudential DEI Portfolio to private equity investments constructed with a diversity, equity and inclusion (DEI) lens.
The Life+ Collective is on a mission to bring consumer-tech founders together, and to provide a pathway into the b2c industry for entrepreneurs from under-represented backgrounds. The Life+ team is keen to ensure ‘happiness’ is baked-in to consumer-facing startups at the outset.
NorthEdge has become one of the first private equity firms to sign the Mindful Employer charter, further establishing the business’ commitment to supporting its people’s mental health and wellbeing.
Distill Ventures (DV) is committed to increasing diversity within the drinks industry through a range of global initiatives, including the launch of a new Pre-Accelerator Programme dedicated to early stage founders from underrepresented groups. DV will aim to invest USD5 million in drinks entrepreneurs over the next 12 months through this initiative.
Private capital investments in Spain reached a record volume in 2020, totalling EUR6.27 billion, a growth of 33 per cent of the volume reached in 2019. However, in this booming sector, diversity does not move at the same pace: while many of the jobs that are not directly related to investment (administrative tasks, investor relations and platform) are held by women, gender parity is not the norm in the investment teams.
Beyond HERizons, a new initiative from London & Partners’ Silicon Valley Comes to the UK (SVC2UK) programme designed to specifically tackle the funding gap that exists in the investment landscape, has launched its inaugural cohort of female founders.