Jennifer Banzaca
GPs and investors may be skittish about racial investment mandates after Fearless Fund settled a lawsuit accusing it of racial discrimination for its platform of investment in underrepresented entrepreneurs.
PE firms lead in AI/ML adoption, with 33% reporting that they have already adopted the tech, while just 19% of venture capital firms say the same, according to a new survey by tech provider Allvue.
JES Global founder Elliot Smerling pleaded guilty last month to a $133m fraud scheme.
Satisfaction with pay is particularly low among those in accounting and controller roles.