A report from the National Association of Investment Companies shows that private equity firms that are either diverse or owned by minorities achieved substantially higher gains that those which are not. A Bloomberg report noted:
Funds managed by NAIC member firms, 79 percent of which are owned by minorities and 69 percent of which have women or minorities in at least half of the investment roles, had a median net internal rate of return of 15 percent from 1998 to 2011, compared with 3.7 percent for the U.S. private-equity industry, according to the report. The firms produced a median 1.5 times invested capital versus 1.1 for the industry, according to the study, which was managed by the audit and advisory company KPMG LLP.
According to the rest of the report, women account for 8.1% of managing directors and senior execs at the top 10 biggest private equity firms. There’s more great data about women and minority performance in this field in the Bloomberg report here.
[Image Via David Guo’s Master]
Sara Inés Calderón is a journalist and writer who lives between Texas and California. Follow her on Twitter @SaraChicaD.
