
Afic research finds uptick in French female PE partners
During 2014, female professionals grew to represent an average of 20% of investment teams within French private equity houses, according to a joint diversity study by Deloitte and industry body Association Française des Investisseurs pour la Croissance (Afic).
Released earlier in the month, the report features data from 107 Afic members, responsible for 58.2% of all private equity investments in France between 2007-2014.
The document revealed a gradual rise in the proportion of women employed within the industry's investment teams since 2010, which climbed from the 16% recorded that year to the 20% found for 2014.
The jump was more marked within the partner ranks, where female headcount grew from 11% in 2013 to 15% in 2015 of all professionals; almost twice the 8% ratio observed both in 2011 and 2012.
Conversely, a drop was found among women holding a seat at private equity executive boards: after peaking at 15% in 2012, the figure has declined to 13% in 2013 and 12% in 2014, the lowest figure since 2010.
In addition, the proportion of female investment directors experienced a slight uptick – 20% to 21% – from 2013 to 2014, while analysts and project managers were consistent at the 30% figure from last year.
Across the board, the ratio of women within French private equity in 2014 was found by the report to remain at 41% of all employees, a repeat of the 2013 figure.
According to the research, women made up 31% of all promoted employees within French private equity houses in 2014. For the first time, female professionals secured a larger share of promotions than their male counterparts as 9% of women employed in PE were raised to a higher rank, as opposed to 7% of men.
Back in July, unquote" took an in-depth look at diversity, or the lack of, in private equity: read part one and part two of our findings here.
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