More than half of PE and VC firms have all-white investment teams
Private equity and VC firms are making great strides with gender diversity but the industry is still significantly lagging on ethnic minority representation, according to new research.
Analysis by the British Venture Capital and Private Equity Association (BVCA) and Level 20 reveals all male investment teams have declined from 28 per cent in 2018 to 12 per cent.
But analysis combining gender and ethnicity reveals that women from ethnically diverse backgrounds represent just nine per cent of the report’s sample.
In senior roles just three per cent of employees are women from ethnically diverse backgrounds, across both investment and non-investment roles. Black women account for less than one per cent of senior roles while only 1.6 per cent are Asian.