Over the past several years, there has been a renewed discussion about the dearth of women in private equity firms and a new energy for making change. Private equity firms recognize that in the shifting landscape of new limited partner players, evolving target company leadership and focus and a shifting role of women generally in the U.S. economy, long-term success hinges on the recruitment, advancement and retention of women in private equity. Although the portion of executive-level women in private equity has grown steadily in recent years, the progress has not been fast enough for many stakeholders and further improvement seems to be nearly universally desired. …

To continue reading this Law360 column, co-written with my colleagues Amy Norris and Penny Zacharias, click here.