November 1, 2022
Founder & CEO Jess Larsen spoke with Private Debt Investor on how institutional investors are becoming increasingly vocal on diversity issues.
"The state pension plans are now very focused on this when they send out due diligence questionnaires ahead of investment decisions,” he says. “They are asking a lot more about male and female team members and other diversity metrics. It is still rare that we see LPs withdrawing or delaying investment over these issues, and more often than not they are making a recommendation on how they would like firms to behave.” He adds: “I do think we will see a lot more of that going forward, but it is just at an early innings. A year or two ago, diversity was not even a question that LPs were asking, and now it most definitely is.”
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