UK investors publish diversity guidelines
February 15, 2021
A UK investor group has issued a new set of guidelines for the venture capital and private equity industries to tackle their well-documented diversity problem.
- The guide is a response to NatWest CEO Alison Rose's review of female entrepreneurship, first issued in 2019, which found that only 1% of UK VC funding goes to all-female founded teams, and only 4% of deals involve them.
- The best practice guide, published by the British Private Equity & Venture Capital Association (BVCA), covers topics including hiring practices, corporate culture, investment bias and portfolio management. Atomico, Pollen Street Capital, Ada Ventures, Adelpha, Astia, KPMG, Diversity VC and Diversio are among those who co-authored the document.
- Camilla Richards, an Atomico partner and head of investor relations who is also a member of the Council for Investing in Female Entrepreneurs, said: "The conversation on diversity and inclusion has gained momentum in recent years. However, we are still yet to see that translating into real action."
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