Private Equity Can Drive ESG, D&I Change, Advent's Barr Says

The video discusses the impact of COVID-19 on fundraising, highlighting the shift to virtual meetings and the challenges faced by new funds. It explores the importance of ESG and social change, particularly in light of the pandemic and movements like Black Lives Matter. The discussion also covers diversity and inclusion within the industry, emphasizing the role of investors in driving these changes.

What has been a significant change in fundraising practices due to the inability to meet face-to-face?

• Complete halt in fundraising activities

• Greater use of video conferencing tools like Zoom

• More reliance on email communications

• Increased use of telephonic conversations

What challenge do new funds face in raising capital during the pandemic?

• Higher regulatory requirements

• Lack of interest from investors

• Difficulty in establishing new relationships

• Increased competition from established funds

How has the frequency of larger managers returning to the market changed?

• It remains the same as before

• It has become unpredictable

• It has decreased from every 2 years to every 5 years

• It has increased from every 3-4 years to every 2 years

What has elevated the importance of ESG issues in recent times?

• Technological advancements

• Economic downturns

• Recent social movements and the COVID-19 pandemic

• Government regulations

What role do investors play in promoting diversity, equity, and inclusion?

• They have no role

• They provide financial incentives

• They enforce strict policies

• They drive change by asking the right questions

What is a key focus for Advent in terms of workforce development?

• Increasing profits

• Expanding globally

• Reducing operational costs

• Promoting diversity, equity, and inclusion

How do investors influence changes in the private equity industry?

• By withdrawing their investments

• By forming alliances with other investors

• By speaking with their capital

• By lobbying government officials