Heartland Partners Take Action on Diversity Issue
15/12/2020 - 5:22PM
Meketa Investment Group joins CEO Action for Diversity & Inclusion
Meketa Investment Group (Meketa), a global investment consulting and advisory firm, has joined CEO Action for Diversity & Inclusion. Meketa joins more than 1,000 CEOs who, through this initiative, have committed to advancing diversity and inclusion in the workplace.
CEO Action for Diversity & Inclusion is cultivating a new type of ecosystem centered around collaboration and sharing. As signatories, Meketa co-CEOs Stephen McCourt and Peter Woolley have pledged themselves and the firm to further cultivating a workplace where diverse perspectives and experiences are welcomed and respected, and where employees feel encouraged to discuss diversity and inclusion. The CEOs who earlier signed on to this initiative have already shared hundreds of actions, available via CEOAction.com, that showcase real-life examples of open and transparent conversations to cultivate more diverse and inclusive workplace environments. The addition of new signatories expands the impact of this work beyond the office to communities and industries.
“CEO Action for Diversity & Inclusion™ is a natural fit for Meketa, as we have long embraced these tenets within the firm and in our engagement with the investment management community,” says McCourt. “More than half of Meketa employees are women or minorities, and a quarter of our staff are multilingual, collectively speaking 21 languages or dialects. In joining this initiative, we are committing Meketa to further enhancing our diversity efforts and to cultivating an environment where employees can openly address challenges, present opportunities and share perspectives.” Meketa has pursued a number of initiatives aimed at further enhancing diversity within the organisation. In June, the firm formed its Diversity Leadership Committee, tasked with advancing Meketa’s internal and external diversity, equity and inclusion efforts. Meketa has introduced several employee training programs, led by the firm’s executives and outside organisations such as Diversity@Workplace Consulting Group and the Employee Engagement Group. The training programs include sessions on overcoming unconscious bias, which are aimed at building a more positive experience with colleagues and better relationships with clients, as well as sessions exploring best practices for giving and receiving feedback, and mandatory inclusivity training for all managers. Further, Meketa continues to enhance its existing internship program that focuses on bringing diverse students into its business by improving our recruiting efforts at historically black colleges and diverse- and women-based organisations. Meketa is also supporting diversity through its vendor relationships and is implementing a process to track dollars spent per vendor and flagging these businesses by women- or ethnically diverse-owned status. The firm is also helping to foster diversity in its communities and will be providing employees with information on these same types of businesses in each of the seven locations where Meketa has an office, encouraging employees to patronise these establishments. “In addition to our efforts within Meketa, we have for many years been a market leader in evaluating and recommending diverse managers for a wide variety of institutional asset owners,” says Woolley. “We are proud of our work and believe these initiatives will continue to move the broader institutional investment industry toward equality. We applaud our peers and all those within the consulting community who continue to advance our industry toward a more equitable future.”
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GCM Grosvenor Named as a Founding Signatory of ILPA's Diversity in Action Initiative
Dec 08, 2020, 09:00 ET
GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, announced today that it is a Founding Signatory of the Institutional Limited Partners Association (ILPA) Diversity in Action initiative. In doing so, the firm reinforces its commitment to advancing diversity, equity, and inclusion as a firm and as a leader in the alternatives and private equity industry.
"Today's announcement not only reflects GCM Grosvenor's ongoing dedication to creating a more inclusive and equitable asset management industry, it also demonstrates the forward-thinking nature of ILPA and the other Founding Signatories," said Michael Sacks, GCM Grosvenor's Chairman and CEO.
The initiative's Founding Signatories include private equity General Partners and Limited Partners that are committing to specific actions to advance diversity and inclusion. These actions are part of a defined framework that covers areas such as talent management, investment management, and industry engagement.
"The Diversity in Action initiative aligns with our firm's longstanding core values and culture of inclusion, as well as our multi-decade focus on investing with firms owned and led by people of color and women," said Derek Jones, co-head of GCM Grosvenor's private equity diverse managers practice. "We are proud to be part of this program."
GCM Grosvenor has invested with firms owned and led by people of color and women since 2002, making over $7 billion in commitments over that period. The firm also hosts industry events that strive to connect underrepresented managers with growth capital and maintains many active, long-standing partnerships with professional organizations aimed at promoting diversity within the industry. Approximately 60% of GCM Grosvenor's staff are women or ethnically diverse, as is 40% of its executive management team.
About GCM Grosvenor GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $59 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm is in its 50th year of operation and is dedicated to delivering value for clients in the growing alternative investment asset classes.
GCM Grosvenor's experienced team of approximately 500 professionals serves a global client base of institutional and high net worth investors. The firm is headquartered in Chicago, with offices in New York, Los Angeles, London, Tokyo, Hong Kong, and Seoul. For more information, please visit: www.gcmgrosvenor.com.
About ILPA The Institutional Limited Partners Association (ILPA) engages, empowers, and connects limited partners to maximize their performance on an individual, institutional and collective basis. With 550+ member institutions representing over USD 2 trillion of private equity assets under management, ILPA is the only global organization dedicated exclusively to advancing the interests of LPs and their beneficiaries through best-in-class education, research, advocacy, and events. For more information, please visit www.ILPA.org.
SOURCE GCM Grosvenor
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