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Driving Transparency and Efficiency in the Collection of Private Fund DEI Data

Through the eVestment platform, Nasdaq will collect and make its private fund manager diversity, equity and inclusion (DEI) data available for investors free of charge in an effort to improve transparency and disclosure standardization across the industry.

Private fund managers are invited to provide their data to Nasdaq’s eVestment platform during the initial data collection period (November 9th, 2021 through February 15th, 2022), prior to access being granted to qualifying institutional asset owners.

Asset owners interested in gaining access to private fund DEI data and keeping up-to-date on fund manager submissions are invited to register for the waitlist.

Aligned to Industry Standards

Nasdaq has worked with the Institutional Limited Partners’ Association (ILPA) and FCLTGlobal to ensure its data collection aligns with ILPA’s Diversity Metrics templates and the 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.

“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. 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.”

Jen Choi, Managing Director of Industry Affairs, ILPA

About Nasdaq’s Private Fund DEI Data Collection

What DEI data points will be collected and provided?

In line with the respective templates and guidelines 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.

Who will be able to access DEI data?

Only qualified institutional asset owners will be able to view data submitted by private fund managers. To access the DEI dataset on the eVestment platform, asset owners must complete and meet the criteria outlined in an Accredited Investor Questionnaire.

What other data about private fund managers is available on Nasdaq’s eVestment platform?

Nasdaq’s eVestment platform includes a global database of 6,000+ private fund managers detailing investment strategy, fund performance and more. Information is collected through a combination of eVestment proprietary data collection, and fund manager submitted information.

Take the Next Step

Provide DEI Data to eVestment

Join the LP Access Waitlist

Nasdaq to collect and make private fund manager DEI data free to investors via eVestment