Carmela Mendoza is a senior reporter for Private Equity International based in London. She first joined PEI in Hong Kong in 2015 and covered Asia. A graduate of Ateneo de Manila University, she previously worked for a digital agency in Singapore focused on government websites and publications covering business, trade and industry, transport, and social development.
The industry stepped up its diversity efforts this year, with major players setting new targets for women and minorities, hiring diversity and inclusion champions and signing onto an ambitious DEI initiative.
A joint statement in March by California State Teachers’ Retirement System, Japan’s Government Pension Investment Fund and UK’s USS Investment Management signaled a significant shift in reallocation of capital.
From Blackstone to Eurazeo to Partners Group, PE firms and their executives stepped up in response to the pandemic, forgoing salaries, setting up employee assistance funds and shifting capital to pandemic response companies.