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Former MD files gender discrimination suit against CVC

Gender equality in private equity and venture capital has taken centre stage in recent years

CVC Capital ranks among the private equity industry’s largest firms
CVC Capital ranks among the private equity industry’s largest firms

Less than a year after a gender discrimination lawsuit against venture firm Kleiner Perkins Caufield & Byers put Silicon Valley’s gender issues in the spotlight, private equity firm CVC Capital Partners is facing its own gender discrimination case.

Lisa Lee, a former managing director of CVC's investor relations group in New York, alleges that the firm unfairly favoured male employees, promoted less qualified male co-workers over her and tried to shoulder her out of many of her responsibilities when she took maternity leave, reassigning her work to male colleagues. She also alleges a "stark" gender imbalance at the firm's senior management.

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