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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: Standing out in a Crowd

The UAW Retiree Medical Benefits Trust has channeled more than $4 billion in capital to small, emerging and diverse managers. In this installment of Perspectives, NAIC's online video series, Hershel Harper, Chief Investment Officer, reveals what the Trust looks for in an asset manager and how those looking for capital allocations can differentiate themselves from the pack.




NAIC E-News

William Blair Q&A: Breaking into Asset Management

While a degree of progress has been made in financial services with regard to diversity, there is still a long way to go before the industry can truly be called an inclusive one. In this Q&A, Alaina Anderson, CFA, Portfolio Manager and Global Research Analyst, William Blair Investment Management, shares her insights on the challenges faced by diverse industry professionals, what steps firms can take to become more inclusive and provides advice to young diverse candidates looking to get into the industry.





NAIC E-News

Ocean Park Investments: Finding Opportunities in Every Market Cycle

In this NAIC Member Focus, we take a look at Ocean Park Investments, a Stamford, CT-based alternative investment firm focusing on industrial-related companies in the US and European markets. Founded in 2016 by industry veteran J. Dennis Jean-Jacques, we detail the firm's two distinct investment strategies, highlight some of the lessons learned from early missteps, and share how the investment team looks to generate upsized returns in various market conditions.





NAIC E-News

New NAIC Website Offers Improved Functionality, Greater Member Resources and More!

NAIC this week unveiled its new and improved website (naicpe.com) that provides more in-depth information on NAIC member firms and their impact, access to critical resources as well as member deals, industry news and more! The new, easy-to-navigate website not only features a sleeker, modernized look but also offers more industry facts and statistics on diverse-owned investment firms. Among the redesign’s highlights are:

  • IntelligentNAIC - A groundbreaking data aggregation resource used to showcase NAIC member firm demographics and analytics in aggregate form. IntelligentNAIC tells the comprehensive story about the collective economic impact our members have on the global economy.
  • A revamped Capital Allocators page that includes general plan information and contact information for LPs.
  • A new Oversubscribed Funds page that displays NAIC members’ oversubscribed funds by year – target and actual – to showcase investor interest in our members’ investment strategies.
  • An updated Current Members page that includes direct links to company websites and profile articles.
  • New resource pages for FinSearches, NAIC Perspectives Videos, Multi-Year Corporate Partnerships and more.
  • A redesigned News Section with improved sorting capabilities.



New York State Comptroller’s Office Seeking Senior Investment Manager for Emerging Manager Program

The New York State Office of the State Comptroller is seeking a Senior Investment Manager – Emerging Manager Program. This position is based in the New York City office and will work closely with the New York State Common Retirement Fund’s (CRF) internal staff across all asset classes, as well as with all appropriate program-partners on all aspects of the Emerging Manager Program. This role will report to the Director of the Emerging Manager Program.

To apply, please email your resume to Lauren at lmcelderry@eflassociates.com. To learn more about the Responsibilities and Preferred Qualifications, click below:





NAIC E-News

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.




MEMBERS NEWS


Verus Announces Sale of VanDeMark Chemical Inc.

Verus Investment Partners announced that it has sold its portfolio company VanDeMark Chemical Inc., for an undisclosed value. VanDeMark is the largest independent manufacturer of specialty phosgene derivatives. VanDeMark products are primarily used in pharmaceuticals, agrochemicals, plastics/polymers, and CASE (coatings, adhesives, sealants, elastomers) applications. The company was founded in 1951 and is headquartered in Lockport, New York.


DPI Portfolio Company Featured in Private Equity International

Biopharm, a leading indigenous pharmaceuticals company in Algeria and portfolio company of Development Partners International, was featured in Private Equity International's article, "Making Lemonade: How Portfolio Companies have Adapted to COVID-19." The article states that Biopharm started producing hydroalcoholic gel for hand sanitizing products, converting production lines previously used to produce creams and gels for topical use. Biopharm also donated the first 30,000 and plans to sell the rest nearly at cost.

ON THE MOVE


Jackie Kim Park and Richard Chesley Named Co-US Managing Partners of DLA Piper

DLA Piper LLP announced that Jackie Kim Park and Richard Chesley have been named co-US Managing Partners of the firm. Park and Chesley succeed Stasia Kelly, who has served as US managing partner since 2013 and who will now move into the role of executive director – client relations. Park, who previously served as vice-chair of DLA Piper’s US Real Estate practice and co-managing partner of the Los Angeles offices, is a member of the firm’s Executive, Partner Compensation, Partner Nominating and Policy committees. Chesley, who is also a global co-chair of the firm’s Restructuring practice, is the former US co-chair of the practice and former co-managing partner of the Chicago office.


Clearlake Capital Group Announces Senior Promotions and New Additions

Clearlake Capital Group, L.P. announced senior executive promotions and new additions to the team. Fred Ebrahemi has been named Chief Operating Officer, and Paul Huber has been promoted to Principal. John Cannon has joined the firm as Managing Director, O.P.S. & Deputy General Counsel, becoming part of the team of professionals that implements Clearlake’s proprietary framework for value enhancement, and Jessica Mariduena has joined the firm as Assistant Vice President, Tax & Accounting. Also, Vikram Abraham, Sean Courtney, Dilshat Erkin, and Ben Kruger have been named Vice Presidents, and Amanda Fields-Schuler has been named Vice President in Clearlake’s O.P.S. team. Also, Bryan Crowley, Myra Mazey, and Randy Souza were all promoted to Vice President of Finance & Operations.

 


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