Equity Record Survey - Fund survey
This is the Equity Record Fund survey, part of
Diversity VC's research programme. If you are looking for the individual investor survey,
please follow this link.
Diversity VC is an international non-profit organisation working to create an industry where one's identity is no longer a barrier to making or receiving investments. We strive to build a fairer, equitable, more inclusive Venture Capital Industry for all by driving every venture fund in the world to change.
Alongside the individual investor survey that you may have already completed, we also want to understand more about how different funds operate, their approach to diversity, equity, and inclusion, and how and where we should be developing initiatives to drive further change.
We believe, and research confirms, that more representative Venture Investment teams drives more diverse and better-performing portfolios.
This survey takes 10-15 min to complete and is intended for General Partners or similar-level decision-makers.
Thanks a lot for taking part. It means a lot to have your support.
🔐 Our confidentiality promise. All data is collected and stored securely, compliant with the latest GDPR legislation. Any data analysis will be done in aggregate, protecting your identity and experiences.
PART 1: About you and your role
Please share your contact details.
We will use your details for things such as sharing our reports & benchmarks or inviting you to research launch events.
Which VC firm do you work at?
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Since when have you been working here?
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In this section, we are seeking to understand the fundraising experience for managers across the spectrum of VCs. All data is confidential and will be assessed in aggregate. Please fill in the following information to the best of your ability.
What's your total Assets Under Management (£AUM)?
How many unique funds has the venture capital firm raised to date?
What best identifies your latest fund?
What best identifies your latest fund?
How many months did it take you to raise your latest fund?
From the first conversation to receiving all funds from LPs.
What was your target capital raise amount? (in millions)
What was the actual capital raise amount? (in millions)
How many Limited Partners are a part of the most recent fund?
Which types of LPs are represented in the same fund?
Select all that apply and what % of fund the group represents
Which types of LPs are represented in the same fund?
Do any of these LPs require that you invest a specific percentage of their capital in underrepresented entrepreneurs?
This is often known in the VC world as a "DEI mandate". For our purposes, a DEI mandate is a specific allocation outlined in legal documents (typically the LPA).
Do any of these LPs require that you invest a specific percentage of their capital in underrepresented entrepreneurs?
Part 3: Your General Partner (GPs)
In this section, we will ask questions about the general and limited partners of the fund. All data is confidential and will be assessed in aggregate. Please fill in the following information to the best of your ability.
How many General Partners (GPs) does your latest fund have?
General Partners are defined as any partner of the fund that receives a percentage of carried interest from the most recently established fund
To avoid data entry fatigue, we will be collating answers from the individual survey to this fund-level survey. That means that you won't have to input the demographic data for every single GP; rather, their information will be populated through the individual survey. Please make sure to share this survey with your full team. How many of your GPs identify as women?
What percentage of the GP carry pool is owned by individuals who identify as women?
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How many of your GPs identify as ethnic minorities?
Most common ethnic minority groups in the UK: Asian, Black, Mixed or Multiple ethnicities, Middle Eastern or North African, Hispanic or Latinx, Other (e.g. Jewish or Uyghur)
What percentage of the GP carry pool is owned by individuals who identify as ethnic minorities?
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Part 4: Your DEI strategy
We're interested to know more about how DEI factors into your investments, your internal practices, and your portfolio support. As with everything else in this survey, this information is confidential and will be only analyzed in aggregate.
Does the fund have a DEI strategy in place?
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Is the fund on track to deliver this strategy?
Does the fund have a Diversity, Equity & Inclusion (DEI) mandate in its investment thesis?
A “DEI mandate” is an official order by fund partners, GPs and/or LPs, to deploy all or a portion of total AUM to companies that satisfy specific criteria such as having one member of the founding team identifying as underrepresented (e.g. women, ethnic minorities, LGBTQIA+, etc.). This is typically found in the LPA document.
Does the fund have a Diversity, Equity & Inclusion (DEI) mandate in its investment thesis?
Which of these DEI initiatives do you currently have in place internally?
Which of these DEI initiatives do you currently have in place internally?
Which of these DEI initiatives do you have in place for your investment process?
Which of these DEI initiatives do you have in place for your investment process?
Which of these DEI initiatives do you have in place for your portfolio?
How will an effective DEI strategy benefit you most? (Rank in order)
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How will an effective DEI strategy benefit you most? (Rank in order)
What is your greatest challenge to implement a successful DEI strategy?
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This is the last section. So you're almost at the end. Well done! 🙌
Now we would like to understand the diversity in your portfolio. All questions are optional and will be analysed in aggregate. If you don't have the data yet, you can just skip this section.
In total, how many companies have you invested in across all funds?
Do you have data on the diversity of the founders in your portfolio?
Do you have data on the diversity of the founders in your portfolio?
Thank you again for taking part. We hope to publish the Equity Record report in Summer 2024.
