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NAIC Partnership Aims to Increase Number of Women in Private Equity
WASHINGTON, DC, JULY 18, 2016 — The National Association of Investment Companies (NAIC), the industry association for diverse-owned and emerging private equity firms and hedge funds, today announced the commencement of the Private Equity Women’s Initiative to increase the number of women entering and advancing in the private equity industry. A partnership between the NAIC and the American Investment Council (AIC) recognized that women are grossly underrepresented in the industry, making up just 10 percent of senior employee ranks in private equity. The difficulties women face in surmounting barriers into the industry is compounded by the challenge of effectively navigating their way towards senior level positions. To achieve its objectives, the Private Equity Women’s Initiative will publish relevant research, as well as host educational forums, networking events and mentoring programs. A Working Committee comprised of 11 senior women from NAIC and AIC firms created the Initiative’s Guidelines and Best Practices,