lawyer v lawyer
Carlyle, TPG, Ares removed DEI language from annual reports as legal risks heighten
Most of the largest publicly traded alternative asset managers in the US removed significant portions of language related to diversity, equity and inclusion initiatives from their annual filings with the SEC.
The changes are a response to mounting investor scrutiny and the Trump administration’s pushback against DEI practices, which the GPs say could leave their firms vulnerable to lawsuits, mounting compliance costs and fundraising challenges.
PitchBook tallied the use of the acronym “DEI” and the word “diversity” in the context of racial, ethnic and gender diversity in the annual 10-K filings of the seven largest publicly traded alternative asset managers in the US. The most significant changes appear between 2023 and 2024.
https://pitchbook.com/news/articles/carlyle-tpg-ares-removed-dei-language-from-annual-reports-as-legal-risks-heighten
moraqns:"GP's" are "General Partners" and the context is Private Equity and Venture Capital. No charge for the lesson.