Progress on gender diversity in alternative assets continues to be incremental. According to Preqin’s recently released Women in Alternatives report, the proportion of women working in the alternatives industry improved marginally to 21.3% from 20.9% the previous year. But greater discrepancy exists at the senior level, as women account for just 13.6% of the senior workforce. The report highlights which asset classes and regions are showing the most improvement in terms of representation, how gender disparity appears in the workplace, and which organizations are using data and policy changes to improve diversity.
The U.S. Small Business Administration (SBA) is accepting Small Business Lending Company (SBLC) licenses for the first time in over 40 years. New applicants may apply from June 1- July 31, 2023. SBA approves Small Business Lending Company Licenses for selected non-depository lenders to increase responsible small business lending. An SBLC license allows the lending organization to utilize government guarantees when underwriting small business loans to reduce the level of risk to the lender and cost to the borrower.
Citrin Cooperman’s Financial Services Industry Practice is seeking participants for its inaugural Emerging Managers Survey for U.S.-based private equity and venture capital fund managers. The survey and resulting report will uncover, analyze, and benchmark detailed information about emerging private equity and venture capital managers, including information on fundraising, deal economics, ESG, cybersecurity and share outlooks for the future of the industry.