NAIC Perspectives: The Future of Co-Investing Co-investors have evolved over time from passive investing to more sophisticated, more engaged investors, says Robert Azeke, Founder and Managing Partner of Farol Asset Management LP. In this installment of Perspectives, NAIC’s online video series, Azeke discusses the evolution of co-investing and how it impacts his firm’s investment strategy.

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Register Now! Establishing the Next Generation of Private Equity Firms Symposium NAIC is excited to announce its second Establishing the Next Generation of Private Equity Firms Symposium will take place on May 31 in Los Angeles. Possible through the support of the U.S. Minority Business Development Agency, these intense one-day sessions will provide participants with a 360-degree view of what is required to start a new private equity firm and raise capital. Having received perspectives from capital allocators and private equity executives who have successfully raised funds, those in attendance will walk away from this experience with an in-depth understanding of the steps, processes, and considerations critical to launching a new firm and positioning it for greatest success. NAIC has leveraged its broad network to convene some of the top stakeholders from the industry to deliver key insights.

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Fairview Capital Partners and Ford Foundation Launch Investment Fund Targeting Diverse VC and PE Firms Fairview Capital Partners and the Ford Foundation, an independent, nonprofit grant-making organization, have partnered to launch a new fund that will invest in funds sponsored by diverse, women and minority-owned, venture capital and private equity firms. Fairview will manage the new investment fund supported by a multi-year financial commitment from Ford. The fund will leverage Fairview’s deep experience in investing with diverse and next-generation emerging managers to generate superior risk-adjusted financial returns. The fund will begin its investment activity this year. Investments will span the private markets and include venture capital, growth equity, and buyout strategies. Target firms will feature substantial diversity and exhibit characteristics consistent with the potential to outperform. The fund may also directly co-invest alongside select managers.

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Join us in Welcoming our Newest NAIC Member: DLA Piper! NAIC is delighted to welcome our newest member to the organization! DLA Piper (https://www.dlapiper.com/), a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa, and Asia Pacific, has joined the NAIC. The firm's clients range from multinational, Global 1000, and Fortune 500 enterprises to emerging companies developing industry-leading technologies. They include more than half of the Fortune 250 and nearly half of the FTSE 350 or their subsidiaries. Legal service areas include Corporate, Employment; Finance; Intellectual Property and Technology; International Trade, Regulatory and Government Affairs; Litigation, Arbitration, and Investigations; Projects, Energy and Infrastructure; Real Estate, Restructuring; and Tax. DLA Piper also advises governments and public sector bodies.

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CalPERS and CalSTRS Co-Hosting Diversity Forum in California CalPERS and CalSTRS announced that they are co-hosting the 2019 Diversity Forum June 10-11, 2019 at the Sheraton Grand Sacramento Hotel. This forum will bring together investment industry executives, professionals from the public and private sector, and experts in the field to connect and create solutions on building and sustaining a positive corporate culture, Human Capital Management metrics and their value to investors, and the "Why" and "How" of driving diversity and inclusion. The Forum offers keynotes and engaging panels discussing the latest research, understanding how to make the business case, and how enlightened industry leaders build inclusion strategies.

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NCPERS Executive Director Confirmed for NAIC Conference! Hank Kim, Executive Director, National Conference on Public Employee Retirement Systems, is among the confirmed speakers for the National Association of Investment Companies’ Annual Private Equity and Hedge Fund Conference. Scheduled for October 23-24, 2019 at UCLA's Luskin Conference Center, the largest gathering of diverse investment managers provides an unparalleled opportunity to network with top-performing dealmakers as well as capital allocators representing trillions in assets to invest. Mr. Kim, who directs the day-to-day operation of the largest public pension trade association in the United States, will shed light on the association’s advocacy, research and education efforts, and offer insights for investors and GPs alike.

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Meet with New York Capital Allocators at NAIC Roadshow The NAIC Institutional Roadshow will make its next stop in New York City on May 23rd at the offices of Neuberger Berman, 1290 Avenue of the Americas, New York, NY. Meeting with attendees will be the New York State Common Retirement Fund, New York State Teachers' Retirement System, and other local institutional investors. Space is limited to 20 attendees and only one reservation per firm will be accepted. Please RSVP to Dawn Simmons at dawn@naicpe.com. All confirmed attendees will receive the final itinerary, logistics, and private meeting schedules. The NAIC Institutional Roadshows are members-only events that bring together high-ranking investment managers with limited partners and government officials and gives potential investors an opportunity to connect with NAIC members.

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NAIC Invites Young Professionals to Apply for NAIC Conference Scholarship NAIC invites young professionals employed within financial services to apply for a scholarship to the NAIC’s Annual Private Equity and Hedge Fund Conference in Los Angeles. This is an unparalleled opportunity to network with seasoned executives and learn about current industry trends and best practices. Candidates must be employed in the financial services industry for no more than seven years and compose a 250-word essay on one of three subject areas in order to be considered. Applications must be submitted by June 28, 2019. Accepted applicants will be notified on July 19, 2019 and will receive a complimentary registration to the conference (excluding travel and lodging).

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Nominate Your Firm’s Rising Stars Now! Now is the time to showcase the young talent in your firm! The NAIC is accepting nominations for its Rising Star Award, which recognizes outstanding young professionals in the financial services industry. The award will be presented during the NAIC Annual Private Equity and Hedge Fund Conference October 23-24 at UCLA's Luskin Conference Center.

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Career Opportunities Showcased on NAIC Website As part of our ongoing mission to bring greater diversity to financial services, the NAIC website lists exciting career opportunities at some of the most respected firms within the private equity and hedge fund industries. Click below to view the latest industry job openings.

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