Benchmarking leading private equity and venture capital firms on diversity, equity and inclusion

The Honordex Report is an independent DEI data measurement framework that scores companies' diversity, equity, and inclusion performance using publicly available information—giving investors, employees, and leadership a transparent, benchmarked view of where they stand.

We built Honordex because the evidence is clear: organisations with strong DEI see 56% higher job performance, 50% lower turnover risk, and measurably better outcomes for underrepresented groups. More than that, making a genuine commitment to DEI strengthens your brand, attracts top talent, and signals confidence to the market. Explore our past reports below to see how Honordex has measured DEI progress across the sector, please click below to access our reports from 2022 to 2026.

The Honordex Report

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Progress is no longer a given; it is a choice made by those who recognise that inclusion and diversity is not a passing trend, but a driver of long-term commercial success

Congratulations to the top 20 funds who continue to show commitment and leadership in this area and act as essential role models to the industry as a whole.

Top 10 Private Equity Firms

  1. ICG

  2. Harburvest

  3. Hg

  4. CPP

  5. Eurazeo

  6. EQT

  7. Ardian

  8. Triton Partners

  9. Apollo

  10. Investcorp

Top 10 Venture Capitalist Firms

  1. Kinnevik

  2. Cambridge Innovation Capital

  3. IP Group

  4. Molten Ventures

  5. BGF

  6. Bethnal Green Ventures

  7. Balderton Capital

  8. Ada Ventures

  9. Antler

  10. Oxford Science Enterprises

Order your company’s tailored Honordex report

Understand your DEI position, outperform your peers, and own your next chapter in the rankings.

  • ✓ Full Score Breakdown
    A granular analysis of your performance across Honordex's seven core categories, complete with academic-backed industry benchmarks.

    ✓ 2027 Recommendation Plan
    A data-driven action plan designed to help you increase your score and solidify your leaderboard position for the year ahead.

    ✓ Social Media & PR Assets
    Customised digital assets to maximize your public relations, build brand equity, and celebrate this achievement on LinkedIn, in annual reports, and external communications.

    ✓ Honordex Roundtable Event
    Attendance for up to three team members at the September 2026 event with 50 industry leaders across HR, Investor Relations, Corporate Affairs and Communications.

  • £2,850 + VAT

    Complete package including all assets, insights, and event access.

Peers like Atomico and Kinnevik are already building their 2027 strategies. They're securing their leaderboard position with actionable insights and external momentum. This is your moment to do the same.

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2026 Top Performers

Antje Hensel-Roth

Chief People and External Affairs Officer

ICG is proud to be recognised as the top‑ranked private capital firm in the 2026 Honordex Index — the third time we have achieved this distinction. This recognition reflects the sustained commitment of our people, leadership and employee networks to building a culture where different perspectives, backgrounds and experiences are actively sought and form a key part of our success.

Our participation in Honordex provides an important external lens on our progress, helping us to identify where we can continue to improve while contributing to collective learning and higher standards across the industry.

Head of Human Resources

Jennifer Suman

This recognition reflects how we've long approached people, culture and inclusion across the firm. Much of what underpins this award has been part of how we operate for years; what's changed is how deliberately we now communicate it externally, capturing and sharing our practices with greater consistency and transparency.

That progress supports an inclusive, high-performing environment for our people, reinforces sustainable value creation for our investors, and promotes strong people and culture standards across our portfolio of companies. We see this as a positive milestone and an encouragement to keep building, with a clear focus on accountability and measurable progress over time”