Percentage of women in senior roles at buyout firms falls: report

  • Percentage of women in senior roles at buyout firms drops to 7.3 pct
  • Women in senior roles at real estate firms see increase to 11.9 pct
  • Women in senior roles at VC firms at 11.3 pct

The percentage of women holding senior roles at buyout firms dropped for the second year in a row, according to data from Preqin.

Just 7.3 percent of senior positions at buyout firms are currently held by women, down from 7.5 percent last year and 9 percent in 2014, Preqin reported.

For private equity overall — which Preqin defines to include buyouts, venture capital, real estate and infrastructure — the percentage of women in senior positions increased. Women currently hold 12.6 percent of senior PE posts, up from 11.7 percent in 2015, said William Clarke, a Preqin spokesman.

Women in real estate did the best, holding 11.9 percent of senior roles, up from 9.7 percent in 2015, Preqin said. Women in senior roles at venture capital firms increased to 11.3 percent in 2016 from 10.8 percent, Preqin said. And in infrastructure, women in senior roles rose to 11.5 percent, up from 11.2 percent last year.

Preqin provides data for the alternative assets industry, including private equity and hedge funds. The firm unveiled its “Women in Private Equity” report just in time for International Women’s Day.

Buyouts recently reported that while large buyout shops are rallying to attract women, middle-market firms still have few women on staff and even fewer in senior positions.

Among smaller firms with five or fewer senior employees, women average 9.6 percent of senior roles, Preqin said. That’s less than one per firm, which suggests there are still a “sizeable number of smaller firms with no female senior employees,” Preqin said. The number of women in senior roles grew as the firms got bigger. For firms with more than 20 senior employees, women currently represent 15.3 percent on average, Preqin said.

Preqin, which tracks more than 11,500 buyouts, venture capital, real estate and infrastructure fund managers, said the drop in women at buyout shops is a “cause for concern.” “The industry as a whole must continue to work to improve the employment rates of women at the highest level,” the data provider said.

Action Item: See Preqin report on women in PE here: http://bit.ly/1QNwkBF

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