Investment committee teams with at least one female member perform better and have a lower risk of failure than all-male teams, a study has found.
HEC Paris and MVision Private Equity Advisers analysed nearly 2.500 buyout deals executed by 51 GPs within 220 funds in North America and Europe. The research looked at the gender balance on investment committee teams across three metrics: alpha, total value to paid-in multiple and internal rate of return.