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    Home»Diversity»Prudential makes USD200m commitment to diversity
    Diversity

    Prudential makes USD200m commitment to diversity

    August 21, 20211 Min Read
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    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.

    Investments will focus on limited partner stakes with substantial ownership and/or management by women and minorities, particularly those raising capital for first or second funds.

    Within private equity, structural barriers exist that prevent women-led and diverse teams from raising sufficient capital in support of their first funds. As such, only 1.3 per cent of the investment industry’s USD69 trillion in assets under management is managed by women or people of colour. This is despite the fact that, according to the International Finance Corporation, gender-diverse fund management teams deliver an incremental 10-20 per cent in returns compared to non-gender-diverse teams.

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    Source: Private Equity Wire

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