The NAIC Women in Alternatives Initiative is a partnership between the National Association of Investment Companies and the American Investment Council (AIC) in collaboration with several other organizations with the goal of increasing the number of women entering and advancing in the private equity industry.
2017 Launch Event
To address the lack of women in alternative investing, the National Association of Investment Companies (NAIC) and the American Investment Council (AIC) jointly presented the Women in Private Equity Initiative Forum and hosted by KPMG LLP in New York City. Held on February 1st, approximately 100 investment professionals attended to discuss how hiring practices, trade associations and industry professionals can bring about solutions to reduce this disparity.
Lynne Doughtie, Chair and CEO of KPMG LLP, delivered opening remarks and discussed KPMG’s commitment to the advancement, development and empowerment of women in the marketplace. KPMG recently released the fifth “Women in Alternative Investments Report” that uncovered, among other things, 10 percent of investor respondents now have specific mandates for women-owned/-managed funds, a significant improvement since its 2013 survey in which only 2 percent of investor respondents had women-owned/-managed mandates.
Afterwards, Kelly Williams, Chair and CEO of the Private Equity Women Investor Network (PEWIN), moderated a discussion between Mike Sommers, President & CEO of the AIC, and Robert Greene, President & CEO of the NAIC, regarding the Private Equity Women's Initiative Best Practices and Guidelines issued in 2016. Sue Townsen, National Managing Partner, Diversity and Inclusion, KPMG LLP, stressed the importance of diversity and spoke of solutions to implement throughout the hiring processes at all levels as well as the unconscious bias that exists in the marketplace.
Alisa Wood, Partner, KKR and Steering Committee Member for PEWIN moderated a solutions-oriented conversation that highlighted resources for women in the industry. Each of those organizations align with the mission and purpose of the initiative. Among those resources are: PEWIN, http://pewin.org/; Girls Who Invest, http://www.girlswhoinvest.org/; and the Thirty Percent Coalition, https://www.30percentcoalition.org/.