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In the Ghetto: Why Aren’t There More Female Senior Execs?
A month or so ago, Nori Gerardo Lietz of Areté Capital published a white paper titled Cloistered in the Pink Ghetto: Women in Private Equity, Real Estate and Venture Capital.
The paper provides considerable statistical evidence to support the thesis that the career paths available to women today in the investment management business in general and the real estate investment management business in particular have been confined to what the white paper characterizes as the “Pink Ghetto.”
As Gerardo Lietz states in the paper’s opening salvo, “The numbers clearly illustrate that women are not being hired and promoted within the investment divisions within these firms. The data indicate this is an industry issue, not just an issue with individual companies as the numbers are so consistent across firms in the private markets.”
The paper continues, “Women have essentially been relegated to support roles