Recognising the work of limited partners (LPs) leading the way with gender-diverse teams across Southeast Asia, The Investing in Women LP Award 2024 announced the winners of its inaugural edition on Wednesday at DealStreetAsia’s Asia PE-VC Summit 2024.
The award is supported by Investing in Women, an initiative of the Australian Government that focuses on catalysing inclusive economic growth through women’s economic empowerment; Propelevate, a consulting firm specialising in gender lens investing; and Preqin, a provider of data and insights for the alternative assets industry.
The award was open to asset managers, pension funds, corporate investors, sovereign wealth funds, and commercial banks headquartered in Southeast Asia, particularly those investing in venture capital funds focused on the region.
Malaysia’s Employees Provident Fund bagged the award in the public pension fund category, while Thai lender Siam Commercial Bank took the top place among commercial banks. Philippine conglomerate Ayala Corporation emerged as the winner in the corporate investor category.
The award winners represent a substantial portion of the capital being deployed in Southeast Asia’s venture capital markets. With billions of dollars in assets under management, these organisations are well-positioned to influence market trends and drive significant economic impact, The Investing in Women LP Award 2024 said in a statement.
“Building a diverse team is an actionable strategy that delivers economic results while advancing gender equality. We’re thrilled to support this initiative, which underscores institutional investors’ crucial role in promoting equality and driving sustainable growth,” said Hannah Birdsey, CEO of Investing in Women.
“The Investing in Women LP Award 2024 is more than just a recognition,” said Krisila Benson, Managing Director at Propelevate. “It is a powerful affirmation of the value that gender-diverse teams bring to the table and the positive impact of inclusive practices on the broader economy. We are excited to spotlight these leaders who are setting a new benchmark for the industry and inspiring others to follow.”
