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The philosophy behind Pipeline is simple; diversity is better. The Private Markets need a new PR agent. Either people don't understand it or have a negative perception of it. Why does this matter? Well, educating the general public on the Private Markets is a great way to tackle the diversity issue in the industry. So what? If people don't know about or understand the industry they won't consider it as a potential career path which limits the pool of diverse candidates applying to the industry. The same logic applies for those who have heard of the industry but have a negative perception of it and misunderstand the positive impact they could have in choosing a career in Private Markets.
The Pipeline Pledge is a conscious commitment by forward-looking firms to address the inequality gap in private markets by pledging to reserve 50% of interview capacity for diverse and underrepresented candidates.
Diversifying the pipeline of recruits is a step in the right direction to change the face of private markets for the better. Taking the pledge is an acknowledgement of the problem and a commitment to be a partner for the solution.
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