Whalen: Majority-ownership diversity rules disadvantage female fund founders
Casey Whalen · Friends Reunion – Five Allocators Riff on Investing (Capital Allocators, EP.215) · Sep 27, 2021 · at 55:17
Casey Whalen critiques LP allocation criteria that strictly require majority ownership rather than operational leadership by women or minorities.
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“The other issue that happens that we see is there's these pockets of money that you have to be majority owned by a woman, and I think that also just kind of is hurting the women who are leading firms, but maybe had to take outside capital to get started because they're already at a Disadvantage. And then all of a sudden they get knocked out of the bucket versus just saying, why don't you just say women led or minority led or some other way to think about that so that that those pockets of money still get to them and they don't get knocked out.”
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