New California Law Requires Diversity Reporting for Venture Capital and Private Equity Firms

Reuters Legal News

David A. Niemeyer Jaclyn Castelar Neema H. Nodoust

Partner David Niemeyer, associate Jaclyn Castelar and law clerk Neema Nodoust look at a new California law requiring venture capital companies that qualify as “covered entities” to disclose diversity data of the founders at companies in which they invest. The authors:

  • Define “covered entities.”
  • Explain the law’s reporting requirements.
  • Outline the implementation timeline and potential delays.