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      "text": "Gender diversity among investment partners continued to increase. In the 2022 survey, 19% of investment partners were women, compared to 16% in 2020, 14% in 2018, and 11% in 2016.",
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      "text": "Firms founded within the last ten years (40%) had more women among their junior-level investment professionals than did older firms (32%). Firms focused on the seed investment stage (46%) had more female employees than those focused on the early stage (43%), multi-stage (30%), or growth stage (35%). Women comprised fewer junior-level investment professionals in the South (27%) than in the West (34%), Northeast (36%), or Midwest (46%).",
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      "text": "The diversity of junior-level investment professionals also increased for Black and Hispanic female employees. Black women comprised 4% of junior-level investment professionals, up from 3% in 2020 and 1% in 2018. Hispanic women were 3% of junior-level investment professionals, in the latest survey, compared to 1% in 2020 and 2018. The percentage of junior-level investment professional positions held by Asian/Pacific Islander female employees was 12%, unchanged from 2020.",
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      "text": "Women were a more significant percentage of the investment partners at smaller firms (25%) than at mid-size (18%) or large (16%) firms. Firms founded within the last ten years (22%) also reported more female investment partners than did older firms (17%). There were more female investment partners at firms focused on the seed investment stage (27%) than at those focused on multi-stage (20%), early stage (16%), or growth stage (13%). Women who were investment partners (74%) more often had graduate, professional, or post-doctorate degrees than their male counterparts (69%).",
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      "text": "Gender diversity among investment partners continued to increase. In the 2022 survey, 19% of investment partners were women, compared to 16% in 2020, 14% in 2018, and 11% in 2016. The percentage of firms that reported having at least one female investment partner also increased to 43%, up from 35% in 2020 and 32% in 2018. Only 15% of firms said they had more than one.",
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      "text": "Beyond looking at the representation of women overall in their workforce, firms should recognize the unique issues facing women of different racial and ethnic groups. Firms reported that Black women comprised 2% of investment positions, up from 1% in 2020 and 2018. Hispanic female employees held 2% of investment positions, an increase from 1% in 2020 and 2018. The percentage of investment positions held by female employees who are Asian/Pacific Islander was 9%, an increase from 6% in 2020 and 2018.",
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      "text": "However, there was less representation of women of color among investment partners. Black women comprised 1% of investment partners in 2022 compared to 0.25% in 2020 and 1% in 2018. Among investment partners, 5% were Asian/Pacific Islander women in 2022, compared to 3% in 2020 and 5% in 2018. Hispanic women were 2% of investment partners in 2022, increasing from 1% in 2020 and 2018. White non-Hispanic women comprised 13% of investment partners in 2022, up from 12% in 2020 and 11% in 2018.",
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