What LPs Should Be Asking GPs About AI Right Now | Emily Goldstein McGowan, Malk Partners

Register for IEN's Virtual Forum here: https://www.intentionalendowments.org/2026_virtual_forum Emily Goldstein-McGowan, Vice President and Head of Growth & Venture Capital at Malk Partners, the foremost ESG advisor to private market investors, joins Georges Dyer to examine how institutional asset owners and GPs are navigating the governance, risk, and due diligence dimensions of responsible AI. Drawing on Malk's landmark 2024 quick guide for asset owners (developed with ILPA) and two years of evolving LP-GP conversations, Emily offers a grounded, practitioner-level view of where responsible AI integration stands today and where it is headed. Key themes covered in this episode: How LP questions have shifted from "are you using AI?" to "how are you governing it?" — and what best-practice oversight structures look like at the GP level The five responsible AI risk categories for private market investors (bias, privacy, job displacement, carbon emissions, lack of diversity) and which are gaining urgency AI-native companies vs. AI-adopting portfolio companies: why the diligence framework differs and what LPs should be requiring from GPs during holding periods The regulatory landscape — EU AI Act, U.S. state-level proposals, and why investors should be preparing portfolio companies now, regardless of enforcement timelines The Future of Finance podcast is produced by the Intentional Endowments Network, advancing the alignment of institutional capital with long-term value and systemic resilience. – Resources References: ILPA x Malk Partners: Responsible AI Quick Guide for Asset Owners - https://ilpa.org/wp-content/uploads/2023/10/Responsible-AI-Quick-Guide-for-Asset-Owners.pdf ILPA ESG Quick Guide Overviews - https://ilpa.org/resource/esg-quick-guide-overviews/ Malk Partners: Responsible AI in Private Markets - https://malk.com/responsible-ai-in-private-markets-risks-regulations-and-best-practices/ NIST AI Risk Management Framework - https://www.nist.gov/itl/ai-risk-management-framework Partnership on AI (PAI) -  https://partnershiponai.org/ EU AI Act: Official Overview - https://digital-strategy.ec.europa.eu/en/policies/regulatory-framework-ai Reframe Venture: Responsible AI Due Diligence Toolkit - https://www.reframeventure.com/vcs/ai-dd IEN Responsible AI Investor Hub -  https://intentionalendowments.org Planet Money Podcast (NPR) — https://www.npr.org/podcasts/510289/planet-money – General Timestamps: 00:00 Introduction & Overview of Malk Partners 04:10 Origins of the ILPA Responsible AI Quick Guide 08:30 Five Core AI Risk Categories for Private Market Investors 14:00 The Evolution of LP-GP Conversations on AI Governance 19:45 Best Practices: Oversight Structures, Policies & Training 25:20 AI-Native vs. AI-Adopting Companies: Diligence Differences 31:00 Data Center Environmental Impact & Net Zero Considerations 36:15 AI Regulation: EU AI Act, U.S. State Laws & Investor Preparedness 42:00 Frameworks & Resources for Resource-Constrained Teams 46:30 The Future of Finance: Moving Beyond Labels to Materiality   The Future of Finance podcast is produced by the Intentional Endowments Network, advancing the alignment of institutional capital with long-term value and systemic resilience. The information presented in this episode reflects the views and opinions of the guest and does not constitute investment, legal, or regulatory advice. The Intentional Endowments Network does not endorse any specific products, services, or organizations referenced herein.