Meaningful engagement with employees, portfolio companies, policy makers, and partners to advance racial equity are not only imperative in the fight against systemic inequality, but also are critical business practices. A recent study found that systemic disparities have depressed U.S. economic output by $22.9 trillion over a 30-year period. Evidence has shown that diverse companies with an inclusive culture have stronger financial performance. And, at a time of an incredible workforce crunch, people want to work for companies that they can feel good about and where they feel they can bring their whole self to work.
The Vistria Group recognized these imperatives and felt it was important to partner with portfolio companies to make progress and incentivize success in line with our treatment of other business priorities. Building strong, diverse companies that look like the communities where they operate is a key component of the Vistria playbook and how we drive value for our investors and communities.
