Private equity struggles with its diversity problem
WINNER OF A 2022 LISAGOR AWARD (BEST OF CHICAGO JOURNALISM) FOR BEST REPORTING ON RACE AND DIVERSITY "We're not ascribing bad intent," says Shundrawn Thomas, president of Northern Trust Asset Management. "But ultimately, this is going to be measured in real outcomes, and real, meaningful progress—the representation actually has to go up, participation has to go up, the equity has to go up."