The initiative seeks to motivate and support private equity firms to make progress on Diversity, Equity and Inclusion (DEI) within their organisation and the industry more broadly; building momentum around the adoption of specific actions that advance DEI over time, including around recruitment & retention and investment management practices.
Livingbridge’s involvement builds on its strong track-record in this space and underlines its commitment to advancing its ESG agenda and fostering DEI within the wider industry.
In 2021, Livingbridge established the Livingbridge Foundation, a charitable foundation designed to make a meaningful difference by supporting non-profits that share its values of Equality, Diversity, Opportunity, and Entrepreneurship.
The firm has long-supported several DEI-focused organisations including Level20, a not-for-profit entity which seeks to grow gender diversity in the private equity industry; Black Women in Asset Management, which aims to advance and retain black women leaders across all investment strategies; and youth charity Impetus, which looks to transform the lives of young people from disadvantaged backgrounds.
Livingbridge is also part of the #10000BlackInterns initiative, of which Wol Kolade, Managing Partner at Livingbridge is a co-founder. It offers over 2,000 paid internships each year to young, black university students in partnership with leading firms across a range of industries.
Wol Kolade, Managing Partner at Livingbridge, commented:
“Diversity and inclusion are embedded into the very fabric of Livingbridge. We are delighted to have the opportunity to collaborate with and learn from our peers, so that we can collectively take the concrete steps needed to advance diversity, equity and inclusion in the private equity industry.”
For further information about the IPLA Diversity in Action, initiative please click here.