Russell Reynolds Associates And WinPE Launch Pioneering Mentorship Program For Women In Investing
First-of-its-kind program in PE/VC industry to promote diversity in leadership
The BW Businessworld article, “Russell Reynolds Associates and WinPE Launch Pioneering Mentorship Program for Women in Investing," quoted Russell Reynolds Associates Consultants Sachin Rajan and Vinita Katara on how mentorship is regarded as the most powerful tool in driving professional success for female leaders in private equity. The article also feature details on WinPE and Russell Reynolds Associates' joint mentorship program for Indian women in the private equity space. The article is excerpted below.
This is the first time that such a women centric program is being launched for the PE/VC community in India which aims to nurture high performing mid-career women from the investing ecosystem, creating a much-required gender balance in leadership and shaping the future course of the industry.
Women in PE (WinPE) was founded by Nupur Garg, a leading private equity investor among India’s top 100 women in finance, with the objective of closing the gender gap in investing. WinPE’s other highly successful initiatives include leadership skills training series, networking platform for young women in finance and technical masterclasses. Elaborating on the mentorship program, Nupur stated: “Mentorship is acknowledged as one of the most powerful tools driving professional success. In the case of women, researchers find that mentorship can be a key success factor as women deal with workplaces largely dominated by men. At the same time, research shows that while 67% of women rate mentorship as highly important in their career advancement, 63% report they have never had a mentor.”
Talking about the partnership, Sachin Rajan, Country Manager India, Russell Reynolds Associates, said: “Diversity and Inclusion has been a strong area of focus and we have been the frontrunners in advising our clients extensively in this area.”
WinPE and Russell Reynolds Associates will co-design and co-execute the program, with Russell Reynolds Associates bringing its extensive knowledge and best practices in design, implementation and administration. The program is a joint effort where the PE/VC industry is being invited to participate by nominating high potential women from investing firms, advisory firms and PEVC funded companies as mentees. These mentees will receive dedicated one-on-one mentorship over a period of 12 months. The program also includes group events and networking platforms that will provide an opportunity for the mentees and mentors to connect with each other.
“The partnership with WinPE is an excellent opportunity to co-create a platform that would enable future women leaders in India,” said Vinita Katara, Consultant at Russell Reynolds Associates. “We believe the mentorship program will help develop best-in-class women leaders in the PE sector.”
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