5% women in senior roles in the European private equity industry
20% women in senior roles in the European private equity industry
In 2015 women comprised around 5% of professionals employed in senior roles in the European private equity industry (according to Invest Europe). In addition, fewer women than men enter the private equity industry and only a small proportion progress to take on leadership roles. We believe that increased participation by women in the private equity industry, especially in leadership positions, will lead to not only sustaining but also improving investment performance.
20% is the percentage synonymous with target returns and target profit share in the private equity industry. It is also the target percentage for women working in senior roles in the European private equity industry we have set to reach by 2020.
We are working with leaders across the European private equity industry to attract and retain more women such that they will account for 20% of senior professionals working in the European private equity industry by 2020, an ambitious, important target.
Many of the founders joined the private equity industry in the 1990s when women were a rare species indeed in private equity. Our generation started to meet up informally initially in pairs in the 90s and morphed into a group in the early 2000s. Our gatherings enabled us to share professional and personal issues, challenges and triumphs.
Needless to say, despite busy schedules, we have all managed to prioritise such events. They are supportive, fun and have offered invaluable advice along with lasting friendships.
As our careers and personal lives flourished, we all had a desire to take on a more active and responsible role in our industry and the broader community. A first step was to join hands to raise funds for Impetus PEF and the Watts Gallery.
These efforts highlighted not only the lack of gender diversity but that our combined experiences and franchises can lead to positive outcomes.
We strongly believe that we can leverage our experiences and join forces with other private equity leaders to attract, nurture, and promote women in private equity, to achieve greater gender diversity both for the benefit of our industry at large as well as for the good gender diversity brings to the community.
Level 20 is a not for profit, non-aligned company limited by guarantee that was formed and seeded by the 12 founders.
The current officers of Level 20 are:
- Chair – Jennifer Dunstan
- Past Chair – Hanneke Smits
- Treasurer – Emma Osborne
- CEO – Jeryl Andrew
Level 20 is run on a day to day basis by a Steering Committee whose members are Jennifer Dunstan, Hanneke Smits, Helen Steers, Cécile Belaman, Dana Haimoff and Jeryl Andrew. There are quarterly Board meetings for all the Founders where the strategy is determined.
- Business School Outreach headed by Christina Pamberg
- Future Leaders (U35s) headed by Dana Haimoff and Kathryn Mayne
- International outreach headed by Cécile Belaman
- Mentoring headed by Alex Hess, Jennifer Dunstan and Kathleen Bacon
- Philanthropy headed by Kathryn Mayne
- Research headed by Helen Steers
Membership and Events are organised by the CEO, Jeryl Andrew.
Managing Director, HarbourVest Partners (UK)
Managing Director, Bain Capital
Partner, Head of Fund Investor Relations, 3i
Managing Director, JPMorgan Asset Management
Senior Principal, CPPIB
Managing Director, Horsley Bridge International
Head of Private Equity Fund Investments, Intermediate Capital Group PLC
Managing Partner, Alcyon Holding
CEO, Newton Investment Management
Managing Partner, Keyhaven Capital
CEO, Level 20