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The Largest Network of Diverse-Owned Private Equity Firms and Hedge Funds |
SAVE THE DATE: NAICs 50th Annual Private Equity and Hedge Fund Conference Heads to New York CityPlease mark your calendar for October 6-7, 2020, as the National Association of Investment Companies (NAIC) returns to New York City for our 50th Annual NAIC Private Equity and Hedge Fund Conference. |
Rex Kim Named Oregon State Treasury CIONAIC congratulates Rex Kim on being been named Oregon State Treasurys Chief Investment Officer! As CIO, Mr. Kim will lead a staff of nearly 60 while overseeing a globally diversified portfolio, including the Oregon Public Employees Retirement Fund, the Oregon Short Term Fund, and the Common School Fund. |
NAIC Perspectives: Diverse Managers - Where the Action IsWe want to be where the action is. We want to be in the room, says Ellen-Blair Chube, Managing Director and Client Service Officer for William Blair, explaining her firms goal of increasing business with diverse managers. In this installment of Perspectives, NAIC's online video series, Chube explains why the firm sees great value in building strong relationships with diverse-owned firms and how she envisions those relationships evolving. William Blair, the leading advisors for diverse asset managers, has led more than $30 billion in buy/sell transactions with diverse managers. |
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NAIC Funds of Funds RFP For Growth Equity Funds Initiative Extended to April 10NAIC is excited to announce that it has issued a Request for Proposals (RFP) to Funds of Funds to provide solutions for the design and ongoing management of the NAIC Growth Equity Funds Initiative. As part of Phase II of this unprecedented effort to aggregate $1 billion of growth equity capital to invest in ethnically diverse and women-owned business enterprises (DWBEs), NAIC is soliciting competitive solutions from qualified firms, which may ultimately result in a contract to work with NAIC to identify and establish a sustainable supply of growth equity investors focused on diverse entrepreneurs. |
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NAIC Welcomes Global Endowment Management, Sango Capital Management and Tuatara Capital!NAIC proudly welcomes Global Endowment Management, Sango Capital Management, Tuatara Capital! |
FIN Searches: A Free and Powerful Sales and Marketing Tool for NAIC MembersThrough NAICs partnerships, member firms gain access to highly relevant solutions and services designed to provide competitive advantages in our challenging industry. Among these essential services is FIN Searches (https://www.finsearches.com/), a powerful sales and marketing tool that combines a comprehensive database with a highly customizable, user-friendly interface to provide unmatched access to intelligence on defined benefit plans, nonprofits, investment managers and consultants. NAIC has worked closely with Matt McCue, Managing Director of FIN News and Emerging Manager Monthly to provide this service on a complimentary basis to our members. |
The SECs Priority List and How to Prepare for Possible ScrutinyThe Office of Compliance Inspections and Examinations (OCIE) of the Securities and Exchange Commission (SEC) recently announced its 2020 Examination Priorities. OCIE will continue examinations into the priority areas that support the SECs mission to protect investors, facilitate capital formation, and maintain fair, orderly, and efficient markets. In this installment of Compliance Corner, NAIC partner ICSGroup takes a look at the details of what the SEC will be scrutinizing, the rationale behind the announcement, and the kinds of compliance programs and policies registered investment advisors will need to develop. |
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DAMI Releases Second Annual Investment Consultant SurveyThe Diverse Asset Managers Initiative (DAMI) recently released its Second Annual Investment Consultant Survey. The survey provides great insight into the underrepresentation of women and racial or ethnic minorities at some of the largest investment management consulting firms in the United States and how it contributes to an extremely low engagement of diverse asset managers by many retirement plans. |
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Knight Foundation Study Analyzes Diverse-Managed Endowment InvestmentsThe Knight Foundation and Global Economics Group recently published "Diversity of Asset Managers in Philanthropy," a study that assesses the representation of diverse asset managers among 26 of the top 50 foundations in the US. Among the report's findings are that $8.62 billion (13.5%) of the $63.95 billion in endowment investments overseen by these foundations are invested with diversely-owned firms (women- and racially or ethnically diverse-owned investment firms). The report also found that the average foundation invests 13.3% of its assets in diversely-owned firms, 10.8% in women-owned firms and 9% in minority-owned firms. The median foundation invests 13.5% in diversely-owned firms, 10.9% in women-owned firms and 7.9% in minority-owned firms. |
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Connect with NAIC on Social Media!Stay up-to-date on the latest news from diverse-owned private equity firms and hedge funds, news-making deals, NAIC announcements, interviews with high-profile insiders and other industry happenings by following us on social media. |
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James Kelly, Ilya Bubel and Peter Alfano Join DLA PiperDLA Piper announced that James Kelly, Ilya Bubel and Peter Alfano have joined the firms New York office. Kelly and Bubel join as partners in the Corporate practice, and Alfano joins as a partner in the Finance practice. Kelly, who will serve as head of the firms New York Private Equity practice, represents private equity funds in all aspects of their investment activities. Bubel represents private equity funds and other financial investors in connection with transactional matters across all stages of the investment lifecycle, including leveraged buyouts, co-investments and other minority investments. Alfano represents private equity sponsors, corporations and other entities in domestic and cross-border finance transactions, including leveraged acquisitions, corporate financings, recapitalizations and asset-based lending transactions. |
HarbourVest Partners Expands Senior Team with PromotionsHarbourVest Partners announced its 2020 promotions, including three new Managing Directors. Monique Austin, Simon Lund, and Nhora Otalora were named Managing Directors, while newly appointed Principals were Blake Holman, Vai Rajan, Abigail Rayner, Chris Row, and Ben Wu. Jennifer Blatt was promoted to Senior Vice President. These promotions recognize team members whose expertise contributes to the success of HarbourVest and its clients across the Americas, Europe, and Asia Pacific.
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