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  "documentTitle": "VC Human Capital Survey",
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      "text": "MORE FIRMS HAVE ASSIGNED RESPONSIBILITY FOR DEI. In 2022, 60% of firms said that they either have a staff person or a team responsible for DEI initiatives (an increase from 55% in 2020, 34% in 2018, and 16% in 2016).",
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      "text": "MORE FIRMS HAVE IMPLEMENTED DIVERSITY AND INCLUSION STRATEGIES. In the latest survey, 46% of firms reported having a diversity strategy (up from 44% in 2020, 35% in 2018, and 15% in 2016), and 44% said they had an inclusion strategy (up from 41% in 2020, 31% in 2018, and 17% in 2016).",
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      "text": "DIVERSITY AND INCLUSION STRATEGIES ARE ASSOCIATED WITH GREATER GENDER DIVERSITY. Firms that reported having a diversity strategy or an inclusion strategy (or both) had a greater percentage of female employees among their investment professionals than firms that had neither strategy (28% vs. 23%), as well as among their junior-level investment professionals (37% vs. 31%) and their investment partners (20% vs. 17%). This is in line with previous survey editions that had similar findings.",
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      "text": "MORE FIRMS ARE CONDUCTING INCLUSION SURVEYS. Inclusion relates to how employees experience the work environment and whether they feel they are accepted and valued. In 2022, 32% of firms said they conduct employee surveys to assess inclusion (an increase from 26% in 2020).",
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      "text": "MOST FIRMS HAVE ESTABLISHED OR PLAN TO ESTABLISH SPECIFIC DEI GOALS. This new question added to the 2022 survey found that 40% of firms had established specific DEI goals, while an additional 23% said that they plan to implement such goals within the next six months. Among firms that had set specific DEI goals, 93% had established them for firm investment staff, 67% for non-investment staff, and 67% for portfolio companies.",
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      "text": "INTEREST IN DEI AMONG LPS IS GROWING. In 2022, 47% of firms said that limited partners requested their DEI details within the last 12 months (an increase from 41% in 2020 and 36% in 2018).",
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      "text": "Notes: \"Investment partners\" are defined as employees with the titles of managing general partner, managing partner, general partner, founding partner, or managing director or partners who were designated as senior-level employees; and as investment professionals with senior decision-making responsibilities. Investors with \"senior decision-making responsibilities\" include investment professionals who originate deals, represent the firm on portfolio company boards, are investment committee members, or are owners in the management company. This data is available starting with the 2020 survey. Race and ethnicity data for 2016 are not included in the report because the related survey questions had a different format in the 2016 survey and are not comparable to those in 2018, 2020, and 2022. \"People of color\" is defined as Asian American/Pacific Islanders, Black and African American, Native American or American Indian, and Hispanic or Latino including people of white descent who identify as Hispanic or Latino.",
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