Unpack how private equity can shift from controversy to catalyst, by embracing inclusive strategies that drive both profit and profound social impact.
Greedy sinners or enterprising saints? The growth of private equity's influence on the economy can no longer be ignored. Like it or not, private equity's reach surrounds our daily lives, and its impact on society can be felt across all sectors of the economy.
In this episode, we outline a more balanced perspective between the extremes of proponents and detractors and highlight two virtuous examples of how private capital is being used for social and financial good.
Chartered Alternative Investment Analyst Association
CAIA Association is a global network of forward-thinking investment professionals, redefining the future of capital allocation in a world where traditional and alternative investments are converging at an unprecedented pace. United by a commitment to improving investment outcomes, we lead with authority, educate to inspire, and connect people who turn insight into action. CAIA Association creates dynamic and captivating learning experiences designed to engage investment professionals at every level. Its programs – the CAIA Charter and the CAIA.nxt™ platform – offer critical levels of access to a comprehensive curriculum that equips the investment community with the skills and knowledge needed to build modern portfolios. CAIA Association is a global member-driven community of more than 14,000 professionals, united by a shared commitment to improving investment outcomes and building a more aligned, principled capital market system.
Partner and Co-Head, Global Private Equity, KKR
Pete Stavros joined KKR in 2005 and is Co-Head of Global Private Equity. This includes oversight of assets across Europe, Asia, and the Americas and traditional large and mid-cap private equity, core, and growth equity. Prior to this role, Mr. Stavros served as Co-Head of the Americas Private Equity platform. He is a member of several investment committees at KKR and has also served as Co-Chair of the firm’s global Inclusion and Diversity Council. Prior to becoming Co-Head of Americas Private Equity, Mr. Stavros led the Industrials industry team where he pioneered an innovative employee engagement and ownership model. This approach has been successfully implemented at more than 50 KKR companies and has positively impacted more than 100,000 employees. Mr. Stavros is the Founder and Chairman of Ownership Works, a nonprofit focused on building a worker ownership movement globally and enhancing the financial resiliency of the workforce. The goal of Ownership Works is to create more than $20 billion of wealth for working families over the next decade. Mr. Stavros is also the Founder and Chairman of Expanding ESOPs, an organization focused on dramatically expanding the number of Employee Stock Ownership Plans (ESOPs) in corporate America. Prior to joining KKR, Mr. Stavros was an investor with GTCR Golder Rauner, where he was an investor in the healthcare sector. He holds a B.S. in Chemistry, magna cum laude, from Duke University and an MBA with high distinction, Baker Scholar, from Harvard Business School.
Founder and Managing Partner, Illumen Capital
Daryn is the Founder and Managing Director of Illumen Capital, an impact fund of funds that seeks to increase gender and racial equity within the financial markets. Illumen Capital invests in the top growth, private equity, and venture impact funds, and then provides coaching and tools to fund managers designed to reduce implicit bias. Daryn previously led the Special Equities Program as a consultant to the Board of the Calvert Funds, a $20 billion pioneer of the impact investing field.
