Nasdaq Private Fund Manager Diversity, Equity and Inclusion Data Will be Free to Investors on February 16, 2022
09 Novembre 2021 - 3:00PM
Nasdaq has today announced that it will collect and make its
private fund manager diversity, equity, and inclusion (DEI)
data available for investors free of charge via the Nasdaq
eVestment platform in an effort to improve transparency and
disclosure standardization across the industry. The data will be
available starting on February 16, 2022.
Nasdaq has worked with the Institutional Limited Partners’
Association (ILPA) and FCLTGlobal to ensure its data collection
aligns with ILPA’s newly published Diversity Metrics template, and
respective guidelines published by each group. By aligning to these
industry standards for private fund manager DEI data, Nasdaq aims
to reduce barriers to information being shared and in turn increase
ease of access and transparency for asset owners into the DEI
efforts of private fund managers.
Private fund manager DEI data will be accessible to qualifying
institutional asset owners within Nasdaq eVestment’s private
markets database, which includes profiles on more than 6,000
private fund managers detailing investment strategy, fund
performance and more.
“Fund managers have experienced significant challenges in trying
to comply with requests from investors asking for different data
points in varying formats,” said Katey Bogue, Vice President and
Head of Nasdaq Private Fund Solutions. “We first need to remove
that friction and then we can support meaningful changes through
accurate and reliable data. Through our collaboration with ILPA and
FCLTGlobal we hope to provide an efficient and streamlined
framework for DEI disclosure and enhanced transparency for the
investment community.”
Private fund managers are invited to provide their data to
Nasdaq’s eVestment platform beginning today, to ensure their firm
is accurately represented prior to access being granted to
qualifying institutional asset owners. In line with the templates
published by ILPA and FCLTGlobal, Nasdaq’s eVestment platform will
collect and make available information on:
- Diversity metrics for investment company firm ownership,
investment committee and professionals.
- Aggregated diversity metrics for board and senior management of
private funds’ portfolio companies.
Diversity dimensions include gender, race/ethnicity and
identification as LGBTQ+, veterans and persons with
disabilities.
“We’re thrilled to see Nasdaq adopt the designations and
structure of our Diversity Metrics template into their DEI data
collection initiative and to also take a significant step in
driving transparency into the level of progress the industry is
making around diversity,” said Jen Choi, Managing Director of
Industry Affairs, ILPA. “Ensuring consistency of how information is
communicated across the industry by aligning with the guidelines we
and FCLTGlobal have published will also have a positive impact on
the empowerment of limited partners, which we’re always pleased to
support.”
Nasdaq’s collaboration with ILPA and FCLTGlobal underscores the
demand from asset owners to understand the state of DEI across
their entire portfolios – both public and private markets
strategies. Today’s announcement is an expansion of the DEI
initiative announced in June to provide investors with free access
to traditional asset manager and hedge fund manager DEI data
through its eVestment database. To read more about that effort,
please click here.
To learn more about this initiative, register for access to the
dataset or submit your firm’s information, visit
https://privatemarkets.evestment.com/diversity-inclusion
About Nasdaq Nasdaq (Nasdaq: NDAQ) is a global
technology company serving the capital markets and other
industries. Our diverse offering of data, analytics, software, and
services enables clients to optimize and execute their business
vision with confidence. To learn more about the company, technology
solutions and career opportunities, visit us on LinkedIn, on
Twitter @Nasdaq, or at www.nasdaq.com.
About eVestmenteVestment, part of Nasdaq,
provides institutional investment data, analytics and market
intelligence covering public and private markets. Asset managers
and general partners reach the institutional marketplace through
our platform, while institutional investors and consultants rely on
eVestment for manager due diligence, selection and monitoring.
eVestment brings transparency and efficiency to the global
institutional market, equipping managers, investors and consultants
to make data-driven decisions, deploy their resources more
productively and ultimately realize better outcomes.
Media ContactMark Scottmscott@eVestment.com +1
(646) 899-0149
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