Endnotes 1. UBS. (2025). Global wealth report 2025. https://www.ubs.com/global/en/wealthmanagement/insights/global-wealth- report.html 2. BNY Mellon. (2022). The pathway to inclusive investment: How increasing women’s participation can change the world. https://www.bnymellonim.com/content/dam/imemea/static-html-files/The-Pathway-to-Inclusive-Investment/asset/bnym_ im_allstreet_report_en_apac_optimised.pdf 3. World Economic Forum. (2025, March 26). Global retail investor outlook 2024. https://www.weforum.org/publications/ global-retail-investor-outlook-2025/ 4. Krauskopf, K. (2025, July 23). US stock market concentration risks come to the fore as megacaps report earnings. Reuters. https://www.reuters.com/business/autos-transportation/us-stock-market-concentration-risks-come-fore-megacaps- report-earnings-2025-07-23/ 5. International Finance Corporation (IFC), Oliver Wyman, & RockCreek. (2019, March 6). Moving toward gender balance in private equity and venture capital. https://www.ifc.org/en/insights-reports/2019/gender-balance-in-emerging-markets; European Women in VC. (2023, September). Achieving superior returns with gender diversity in European venture capital firms. https://www.eiturbanmobility.eu/wp-content/uploads/2023/09/IDC_EWVC_eBook_2023_FINALnon_.pdf 6. World Economic Forum. (2015, January). Ensuring a level playing field: Women in private equity https://www3.weforum. org/docs/WEF_Private%20Equity_Women.pdf; Blanding, M. (2018, October 4). Diversity boosts profits in venture capital firms. Harvard Business Review. https://www.library.hbs.edu/working-knowledge/diversity-boosts-profits-in-venture- capital-firms 7. International Finance Corporation (IFC), Oliver Wyman, & RockCreek. (2019, March 6). Moving toward gender balance in private equity and venture capital. https://www.ifc.org/en/insights-reports/2019/gender-balance-in-emerging-markets 8. Christiansen, L., et al. (2016). Gender diversity in senior positions and firm performance: Evidence from Europe. International Monetary Fund (IMF). https://www.imf.org/external/pubs/ft/wp/2016/wp1650.pdf 9. Bradbury, R. (2025, July). 12 firms collected over 50% of all venture cash in the first half of 2025. PitchBook. https:// pitchbook.com/news/articles/us-venture-capital-firm-concentration-first-half-2025-founders-fund 10. International Finance Corporation (IFC). (2025). How private capital – by and for women – can be good for business. https://www.ifc.org/en/insights-reports/2025/expanding-opportunities-for-women-via-private-equity-venture-capital 11. PitchBook. (2025). US VC female founders dashboard. https://pitchbook.com/news/articles/the-vc-female-founders- dashboard 12. PitchBook. (2025). European VC female founders dashboard. https://pitchbook.com/news/articles/the-european-vc- female-founders-dashboard 13. Shepherd, A. (2024, March 26). Study of gender diversity on private company boards. Crunchbase, & Him For Her. https://news.crunchbase.com/diversity/2023-gender-study-private-boards-him-for-her/ 14. International Finance Corporation (IFC). (2025). How private capital – by and for women – can be good for business. https://www.ifc.org/en/insights-reports/2025/expanding-opportunities-for-women-via-private-equity-venture-capital 15. Drax. (2025). Where there’s a will there’s a way: Boosting gender diversity on PE-backed boards. https://draxexecutive. com/boosting-gender-diversity-on-pe-backed-boards/ 16. UBS. (2022). Women and investing: Reimagining wealth advice. https://www.ubs.com/global/en/wealthmanagement/ insights/chief-investment-office/sustainable-investing/2022/women-and-investing-reimagining-wealth-advice.html; Edlich, A., et al. (2025, May 20). Global private markets report 2025: Braced for shifting weather. McKinsey & Company. https://www.mckinsey.com/industries/private-capital/our-insights/global-private-markets-report 17. Gompers, P ., & Wang, S. (2017, May). And the children shall lead: Gender diversity and performance in venture capital. NBER Working Paper No. 23454. https://www.nber.org/papers/w23454; Blanding, M. (2018). Diversity boosts profits in venture capital firms. Harvard Business Review. https://www.library.hbs.edu/working-knowledge/diversity-boosts-profits- in-venture-capital-firms 18. Edelman Smithfield. (2024). 2024 LP survey on private capital. https://www.edelmansmithfield.com/2024-lp-survey- private-capital 19. International Finance Corporation (IFC), Oliver Wyman, & RockCreek. (2019, March 6). Moving toward gender balance in private equity and venture capital. https://www.ifc.org/en/insights-reports/2019/gender-balance-in-emerging-markets 20. Gompers, P ., & Wang, S. (2017, May). And the children shall lead: Gender diversity and performance in venture capital. NBER Working Paper No. 23454. https://www.nber.org/papers/w23454 21. Organisation for Economic Co-operation and Development (OECD). (2022). Women in inclusive entrepreneurship. https://www.ellaimpacta.com/highimpactagenda 22. Hellmann, T., & Puri, M. (2002, December 17). Venture capital and the professionalization of start-up firms: Empirical evidence. The Journal of Finance, 57(1), 169–197. https://doi.org/10.1111/1540-6261.00419 Transforming Capital for the Next Era: Gender Parity and the Expansion of the Investable Frontier 20

Transforming Capital for the Next Era 2025