Private Equity Women’s Initiative

The Private Equity Women’s Initiative, a partnership between the AIC and the National Association of Investment Companies, promotes greater recruitment and retention of women in our industry. We are proud as an association to represent firms that proactively work together to address challenging issues and are taking positive steps to encourage more women to thrive in private equity.

Industry Guidelines

The AIC endorses the below guidelines, which should
serve as a model for all private equity firms.


  1. 1.

    Proactively seek to recruit women at all levels and in all roles throughout the firm.

  2. 2.

    Demonstrate a commitment from the top of the organization the goal advancing opportunities for women and having women in senior positions across all roles of the firm.

  3. 3.

    Foster a culture that encourages and supports the success of women.

  4. 4.

    Establish specific goals and/or initiatives to increase retention.

  5. 5.

    Implement policies that assure the professional development and success of all employees and employ metrics to measure success.

  6. 6.

    Establish an infrastructure (i.e., formalized processes fostering human capital) that supports the development of all employees with regard to promotion, compensation, and career opportunities.

Best Practices

The Private Equity Women’s Initiative established Best Practices to increase the recruitment and retention of women at private equity firms. These Best Practices provide a menu of tools suggesting actions firms can take to increase gender diversity.

Private Equity Women’s Initiative Best Practices

Working Committee Members

  • Kelly Williams (Chair), Senior Advisor, GCM Grosvenor
  • Maura Allen, Private Equity Fellowship and Program Manager, Robert Toigo Foundation
  • Lauren Dillard, Managing Director and Head of Investment Solutions, Carlyle Group
  • Daphne Dufresne, Managing Member, JBD Holdings
  • Nia Gandy, Marketing Manager, GP Investments
  • Martina Marshall Edwards, Director, SEO (formerly)
  • Audra Paterna, Director of Human Resources, Silver Lake
  • JoAnn H. Price, Co-Founder/Managing Partner, Fairview Capital
  • Sarah Roth, Partner, The Riverside Company
  • Patricia Winton, Principal, Strategy and Human Capital, Arclight
  • Alisa A. Wood, Partner, KKR

For more information