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The latest news and updates from NAIC, the largest network of diverse-owned private equity firms and hedge funds.
NAIC E-News Update

The Largest Network of Diverse-Owned Private Equity Firms and Hedge Funds

NAIC E-News

NAIC Perspectives: How Young Professionals Can Succeed in Financial Services

How can a young professional or student looking to get a foothold into the financial services industry best position themself for success? In this installment of Perspectives, NAIC's video series, Brent Gledhill, Managing Director, Global Head of Investment Banking, William Blair, shares some of his recommendations to aspiring professionals, including conducting thorough research as specific areas of the industry are best suited for different personality types and skillsets.



NAIC E-News

Save the Date! Meet One-on-One with Leading Capital Allocators on October 6th

Back by popular demand on October 6th, NAIC's LP Meet Up has gone virtual! A not-to-be-missed opportunity, the LP Meet Up provides invaluable one-on-one time with decision-makers from some of the nation's leading retirement plans, foundations, endowments and investment consulting firms. This is a rare opportunity to introduce your firm to capital allocators, share fund updates and investment strategies, learn the portfolio needs of these investors, and discover how best to stay on their radar for future prospects.

Past LP Meet Up participants have included: Aberdeen Standard Investments; Advocate Aurora Health; Alameda County Employees Retirement; Brandeis University Endowment; CalSTRS; Cambridge Associates; Colonial Consulting; Ford Foundation; Heritage Group; Invesco; Muller & Monroe Asset Management, LLC; State Universities Retirement System of Illinois; Teacher Retirement System of Texas; San Francisco Foundation; TorreyCove Capital Partners; UAW Retiree Medical Benefits Trust; Wilshire Associates..

For more information, please contact David Smith, Programs and Initiatives Manager: dsmith@naicpe.com.


NAIC E-News

NAIC Welcomes True Road Capital Partners, OceanSound Partners, and IMB Partners!

NAIC is excited to welcome OceanSound Partners, IMB Partners and True Road Capital Partners to our growing network!

True Road Capital Partners is a diverse-owned, privately held investment firm and corporate advisory enterprise. TRCP’s investment focus includes private equity and private debt, real estate, impact investing, public equities, commercial finance, banking, financial services/financial technology, financial wellness, and small business finance/management. As a strategic advisory entity, TRCP focuses on corporate governance, capital markets, business development, corporate finance, mergers & acquisitions, and accessing the growing diverse/multi-cultural business and consumer market in the US, with a particular focus on the US Latino cohort.

Founded in 2018, New York City-based OceanSound Partners (www.oceansoundpartners.com) is a middle-market private equity firm focused on control-buyout investments in U.S. based technology and technology-enabled companies operating at the intersection of government and technology markets. OceanSound targets investments with defensible and resilient business models, attractive secular market growth, and multiple opportunities for value creation.

Founded in 2010, IMB Partners (www.imbpartners.com) is a private equity independent sponsor focused on making control acquisitions and partnering with management teams to grow lower middle-market companies serving the electric and gas utilities sector and government agencies. The firm recently acquired an interest in Ashburn Consulting LLC, a leading Northern Virginia-based information technology consulting firm, boosting its presence in the government IT services sector.


NAIC E-News

Hall Capital Hosts NAIC Virtual Institutional Investor Roadshow

On August 11th, NAIC held its third Institutional Investor Roadshow of the year, and its first virtually. The event was one of NAIC’s largest roadshows to date, coordinating 80 one-on-one meetings between NAIC member firms and the participating institutional investors and advisors. Hall Capital hosted the event and invited eight active alternatives investors to participate: Cambridge Associates, CommonSpirit Health, David and Lucile Packard Foundation, Illumen Capital, James Irvine Foundation, Smithsonian Institution, University of Rochester, and William and Flora Hewlett Foundation. Together, the nine capital allocators represent over $115 billion in assets under management and another $400-plus billion in assets under advisement by Cambridge Associates.



NAIC E-News

Compliance Corner: SEC’s Observations from Private Equity Examinations

Conflicts of interest, fees and expenses, and Material, non-public information policies and procedures are the most common deficiencies and compliance issues from examinations of private fund advisers observed by the SEC’s Office of Compliance Inspections and Examinations (OCIE). In this installment of Compliance Corner, NAIC partner ICSGroup breaks down each of these issues and explains how skilled compliance resources can keep firms off the SEC's radar.




NAIC E-News

Viola Davis, Andrew Wang and more Confirmed for 2020 Toigo Gala!

Please join The Robert Toigo Foundation for the 2020 Toigo Gala, 7 p.m. EDT September 16th. Titled, “Uncharted: The Power of Possibility,” this year’s gala has gone virtual and will feature stories of resilience, of inspiration and aspiration, as well as today’s investment landscape. Among this year’s powerful lineup of featured speakers is Academy Award-winning actor, producer, and philanthropist Viola Davis; author and entrepreneur Andrew Wang; three-time NBA champion, Olympic gold medalist and author Andre Iguodala; PBS News Hour White House correspondent Yamiche Alcindor; along with a host of industry and Toigo leaders.




NAIC E-News

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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.




MEMBERS NEWS

Mill Point Capital Affiliate Acquires Noble Resources Corp.

Noble Resources Corporation, a leading provider of critical communications and utility infrastructure services, announced that it has been acquired by Full Circle Fiber Partners, an affiliate of Mill Point Capital. Headquartered in Tampa, FL, Noble is a leading outside plant construction company that installs aerial and underground utilities to coaxial, copper and fiber optic cables. Founded in 2002, Noble Resources has been serving the largest carriers in the cable, utility, and telecommunications industries.


Laurel Oak Capital Acquires Provider of Temperature-Controlled Transportation Services

Laurel Oak Capital Partners, LLC, announced the acquisition of RRTC Holdings, Inc., the temperature-controlled division of Roadrunner Transportation Systems. RRTC Holdings is comprised of Roadrunner Temperature Controlled, LLC and A&A Express, LLC. RRTC Holdings is a leading provider of temperature-controlled transportation services for frozen foods, meat, seafood, produce, beverages, ice cream, pharmaceutical goods and many other products requiring temperature-controlled transit. The company provides solutions for large industry leaders to small family farms across the United States. With over 50 years of experience in the sector, the company also employs the latest temperature control technologies to give customers large and small a premier refrigerated shipping experience.


Diligent Corporation Receives New Investment from Clearlake Capital

Diligent Corporation, a leading global modern governance company used by nearly 700,000 board directors and leaders, announced that it has received an increased investment from Clearlake Capital Group, L.P., and a new investment from funds managed by Blackstone Tactical Opportunities (NYSE:BX). Terms of the transaction were not disclosed. Leveraging insights from a team of industry innovators, as well as highly secure, integrated SaaS technologies, Diligent’s industry-leading suite of solutions changes how work gets done at the executive and board levels.


Netrix Recapitalized by OceanSound Partners

Netrix, LLC, announced that an affiliate of OceanSound Partners has recapitalized the company. Netrix is a leading provider of cloud infrastructure, collaboration, data, and development services and solutions to small and midsize enterprise customers. Through an offering spanning professional and managed services, as well as the resale of third-party hardware and software, Netrix designs, implements, and supports leading-edge, mission-critical information technology solutions. Terms of the transaction were not disclosed.


WM Partners Announces Agreement to Acquire Great Lakes Gelatin Co.

WM Partners announced that HPH II Investments Master Fund, LP together with its related entities entered into a definitive purchase agreement to acquire Great Lakes Gelatin Company. Terms of the transaction were not disclosed. Great Lakes Gelatin is a provider of collagen and gelatin products consisting of a brand and wholesale/bulk business based in Grayslake, IL. Great Lakes products come in various flavors and some products have added ingredients targeting health and beauty, cooking, and pre and post-workout enthusiasts. The company sells its products through the natural, food, drug, and mass channels as well as through e-commerce channels, specifically Amazon and its website.


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