Global Survey Study: Promoting Female Fund Managers

1. About the survey study

We are inviting inputs from the community of fund managers on the very important topic of Fundraising challenges and opportunities by fund teams that are actively promoting Female Fund Managers especially at the Founder/Partner level. We seek to present these collective inputs to policy makers to drive informed policy making. Your responses are greatly appreciated because they provides in-the-trenches insights from a very valuable vantage point - YOURS!

Deadline: August 31, 2021

We will also share the collective findings with all participants, so in the least you will benefit from some of the best practices of other fund managers. You individual responses will remain anonymous. Your participation is GREATLY appreciated and welcomed. Together, we can grow this potent community.

PS. Please fill in 1 response per fund.

About AWE Foundation: AWE Foundation is a US based nonprofit 501c3, with the global mission of Achieving Women Enterprise to empower women economically to create a multi-dimensional impact that spurs inclusive, gender balanced economic development. Policy advocacy based on Gender Disaggregated data is one of its 4 Initiative Pillars.

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* 1. What is the Target Fund Corpus size in USD Million?

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* 2. What do you consider your Fund to be? (Check all that apply).

Seed Fund (Equity)

Venture Fund - Early Stage (Equity)

Venture Fund - Mid Stage (Equity)

Venture Fund - Late Stage (Equity)

Private Equity Fund (Equity)

Distress Fund (Equity)

Special Situation Fund (Equity)

Venture Debt

Other (please specify)

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* 3. What stage of investments are you seeking to make?

Seed

Pre-series A

Series A

Series B

Series C

Series D or later

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* 4. What number is this current Fund in your Fund Family?

Fund #1

Fund #2

Fund #3

Fund #4

Fund #5

Later than Fund #6

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* 5. Is your Fund sector specific?

Yes

If yes, which sectors (please specify)

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* 6. Have you achieved your Current Fund's FIRST Close?

Yes

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* 7. When do you anticipate your Current Fund's FIRST Close by?

Already achieved First Close

Q2, 2021

Q3, 2021

Q4, 2021

Q1, 2022

Q2, 2022 or later

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* 8. Have you achieved your Current Fund's FINAL Close?

Already achieved Final Close

Q2, 2021

Q3, 2021

Q4, 2021

Q1, 2022

Q2, 2022 or Later

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* 9. For how long have you been fund-raising for the Current Fund / how long did it take for you to get to Final Close of your Current Fund?

Less than 1 year

1 year to 2 years

2 to 3 years

Greater than 3 years

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* 10. How many investment professionals are in your core, full time investment team?

4 or more

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* 11. Cumulative number of years of INVESTING experience of the core investment team?

Less than 5 years

5 to 10 years

10 to 20 years

Greater than 20 years

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* 12. What experiences does your core investment team have?

Investing - Angel

Investing - Venture

Investing - Private Equity

Investment Banking

Operations

Exits

Other (please specify)

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* 13. What percentage of your partner level team are women or identify as women?

Less than 25%

Greater than 25%, but less than 50%

Greater than 50%, but less than 75%

Greater than 75%

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* 14. What percentage of your investing team are women or identify as women.

Less than 25%

Greater than 25%, but less than 50%

Greater than 50%, but less than 75%

Greater than 75%

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* 15. Who are you targeting as potential investors in your fund? (Please choose all that apply).

Angels & High Net-worth Individuals (HNIs)

Family Offices

Development Finance Institutions (DFIs)

Corporates

Endowments

Foundations

Other Institutions

Other (please specify)

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* 16. What are YOUR top challenges in fund raising, from YOUR vantage point? (Please rate them).

	1 (Not at all)	2 (Somewhat of a Challenge)	3 (Major challenge)
Lack of Track Record at the Current Fund	Lack of Track Record at the Current Fund 1 (Not at all)	Lack of Track Record at the Current Fund 2 (Somewhat of a Challenge)	Lack of Track Record at the Current Fund 3 (Major challenge)
Lack of Prior Investing Experience	Lack of Prior Investing Experience 1 (Not at all)	Lack of Prior Investing Experience 2 (Somewhat of a Challenge)	Lack of Prior Investing Experience 3 (Major challenge)
Lack of access to Deal Flow	Lack of access to Deal Flow 1 (Not at all)	Lack of access to Deal Flow 2 (Somewhat of a Challenge)	Lack of access to Deal Flow 3 (Major challenge)
Gender Bias	Gender Bias 1 (Not at all)	Gender Bias 2 (Somewhat of a Challenge)	Gender Bias 3 (Major challenge)
Lack of Fund Management experience	Lack of Fund Management experience 1 (Not at all)	Lack of Fund Management experience 2 (Somewhat of a Challenge)	Lack of Fund Management experience 3 (Major challenge)
Lack of a complete team	Lack of a complete team 1 (Not at all)	Lack of a complete team 2 (Somewhat of a Challenge)	Lack of a complete team 3 (Major challenge)
Lack of GP funding	Lack of GP funding 1 (Not at all)	Lack of GP funding 2 (Somewhat of a Challenge)	Lack of GP funding 3 (Major challenge)
Other	Other 1 (Not at all)	Other 2 (Somewhat of a Challenge)	Other 3 (Major challenge)

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* 17. If your answer in Q 16 is 'Others' - please elaborate (you may add more than 1 reason)

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* 18. What are reasons given by potential LPs for not investing in your fund? (Please rate them).

	1 (Not a reason)	2 (Kind of suggested as a reason)	3 (Major reason for not investing)
First Time Fund Manager	First Time Fund Manager 1 (Not a reason)	First Time Fund Manager 2 (Kind of suggested as a reason)	First Time Fund Manager 3 (Major reason for not investing)
Lack of investing experience	Lack of investing experience 1 (Not a reason)	Lack of investing experience 2 (Kind of suggested as a reason)	Lack of investing experience 3 (Major reason for not investing)
Lack of fund management experience	Lack of fund management experience 1 (Not a reason)	Lack of fund management experience 2 (Kind of suggested as a reason)	Lack of fund management experience 3 (Major reason for not investing)
Lack of exits experience	Lack of exits experience 1 (Not a reason)	Lack of exits experience 2 (Kind of suggested as a reason)	Lack of exits experience 3 (Major reason for not investing)
Lack of full team	Lack of full team 1 (Not a reason)	Lack of full team 2 (Kind of suggested as a reason)	Lack of full team 3 (Major reason for not investing)
Lack of interest in your chosen geography	Lack of interest in your chosen geography 1 (Not a reason)	Lack of interest in your chosen geography 2 (Kind of suggested as a reason)	Lack of interest in your chosen geography 3 (Major reason for not investing)
Lack of interest in your chosen sector	Lack of interest in your chosen sector 1 (Not a reason)	Lack of interest in your chosen sector 2 (Kind of suggested as a reason)	Lack of interest in your chosen sector 3 (Major reason for not investing)
Lack of interest in a generalist fund	Lack of interest in a generalist fund 1 (Not a reason)	Lack of interest in a generalist fund 2 (Kind of suggested as a reason)	Lack of interest in a generalist fund 3 (Major reason for not investing)
Lack of interest in your chosen Investment thesis	Lack of interest in your chosen Investment thesis 1 (Not a reason)	Lack of interest in your chosen Investment thesis 2 (Kind of suggested as a reason)	Lack of interest in your chosen Investment thesis 3 (Major reason for not investing)
Lack of track record in your current fund	Lack of track record in your current fund 1 (Not a reason)	Lack of track record in your current fund 2 (Kind of suggested as a reason)	Lack of track record in your current fund 3 (Major reason for not investing)
Size of the Fund - Fund size is too small	Size of the Fund - Fund size is too small 1 (Not a reason)	Size of the Fund - Fund size is too small 2 (Kind of suggested as a reason)	Size of the Fund - Fund size is too small 3 (Major reason for not investing)
Size of the Fund - Fund size is too big	Size of the Fund - Fund size is too big 1 (Not a reason)	Size of the Fund - Fund size is too big 2 (Kind of suggested as a reason)	Size of the Fund - Fund size is too big 3 (Major reason for not investing)
(Unconscious) Gender Bias	(Unconscious) Gender Bias 1 (Not a reason)	(Unconscious) Gender Bias 2 (Kind of suggested as a reason)	(Unconscious) Gender Bias 3 (Major reason for not investing)
Other	Other 1 (Not a reason)	Other 2 (Kind of suggested as a reason)	Other 3 (Major reason for not investing)

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* 19. If your answer in Q 18 is 'Others' - please elaborate

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* 20. Do you believe gender diversity in a fund's senior leadership can improve investment performance

Yes, definitely

Not really

Other (please specify)

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* 21. Do you believe that gender diversity in a fund's leadership team can increase investments in women owned, led or impacted businesses?

Yes

Other (please specify)

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* 22. What are the 3 best practices that have helped you raise funds thus far? (Please provide at least 1 best practice).

Best practice #1

Best practice #2

Best practice #3

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* 23. What are the top 3 ideas, which once implemented can help you with your current fund raise? (Please provide at least 1 idea, be creative and think outside the box).

Idea #1

Idea #2

Idea #3

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* 24. What policy measures would you recommend to promote Female Fund Managers, especially at Founder / Partner / Senior levels? (Please provide at least 1 policy recommendation).

Policy Recommendation #1

Policy Recommendation #2

Policy Recommendation #3

Policy Recommendation #4

Policy Recommendation #5

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33% of survey complete.