The rise of Private Markets as an attractive investment for LPs in recent years has coincided with the increasing acceptance that diversity within organisations is essential for commercial success. Growing regulatory pressures and acceptance of the need for greater diversity of thinking in investment teams is leading LPs themselves to challenge fund managers to ensure diversity within their organisations is a key strategic priority. Whilst investor appetite for private market products remains strong, it is likely that developing strong alternatives capabilities will continue to be a key focus for asset managers. Ensuring diversity at all levels of the organisation however is a challenge facing all firms and one that needs to be realised to achieve success. Particularly as the aspirations of LPs to partner with firms who take a more “enlightened” approach to such issues in their capital allocation decisions.