Private equity general partners and limited partners are doing more to increase diversity in private markets, according to a report released Tuesday by the Institutional Limited Partners Association.
The progress report is part of ILPA's Diversity in Action initiative offering actionable recommendations to improve diversity, equity and inclusion in private markets. So far, there are 180 signatories to the initiative.
This latest report focuses on how signatories integrate DEI into investment strategies, including manager selection, due diligence and ongoing evaluation and monitoring.
ILPA found that 54% of GPs annually collect DEI information from portfolio companies, while 59% of LPs or their allocators do the same with managers.