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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

NEW TIME! Robert F. Smith Joins Industry Insights Live on March 23rd

NAIC is proud to announce that Robert F. Smith, Founder, Chairman, and CEO of Vista Equity Partners, will join us for the March 23rd edition of Industry Insights Live! Set for 2:30 p.m. ET, NAIC President & CEO, Robert L. Greene, will host the renowned investor, entrepreneur and philanthropist in an unforgettable and dynamic conversation.

One of the most successful investors in the nation, Smith will share his insights and lessons learned that contributed to his many successes, which include a spot on the Forbes 100 Greatest Living Business Minds list in 2017 and a market-leading investment firm that consistently ranks among the best-performing in the world. He will also share the motivations that feed his drive to succeed in the industry, foster technological innovation and support transformational philanthropic endeavors.

An investor with a storied career and track record of excellence, Smith has overseen more than 455 transactions while leading Vista Equity Partners. As a global investment firm focused on the enterprise software market, Vista has equity capital commitments of over $73 billion and a portfolio of more than 60 enterprise software, data, and technology-enabled enterprises that employ over 70,000 people worldwide. The firm continues to fuel the development of next-generation technology while delivering exceptional returns to its stakeholders.

Smith is a noted philanthropist, having signed on to the Giving Pledge, a campaign to encourage extremely wealthy people to contribute a majority of their wealth to philanthropic causes. His gift of $20 million was among the largest by an individual donor to the National Museum of African American History and Culture. Smith’s generosity again made national headlines in 2019 when he pledged to pay off the student loans of nearly 400 Morehouse College graduates during his commencement speech at the HBCU.




NAIC E-News

NAIC Market Update: A Value Proposition for Diversity

“It pays to invest in women and diverse-owned enterprises,” says Mina Pacheco Nazemi, Managing Director, Co-Head of Funds & Co-Investments, Barings. In this NAIC Market Update video, Pacheco Nazemi makes a strong case for allocating capital to women and people of color, calling these managers smart, hungry, and hard-working with a differentiated approach to their investments that separates them in the marketplace. Pacheco Nazemi, an Advisory Committee Member of the NAIC Women in Alternatives Initiative, is also a member of Barings’ investment committee and valuation committee.




NAIC E-News

NAIC and TPG Form Partnership to Address Industry Pipeline Challenges

NAIC and TPG, a global alternative asset firm, announced that they have formed a partnership to build on the organizations’ shared commitment to addressing the industry’s pipeline challenges through curated events, training, and other engagement opportunities.

In connection with the partnership, TPG also announced the launch of TPG NEXT, a newly branded initiative designed to back diverse talent. TPG NEXT will provide flexible growth capital and operating resources to seed, support, and scale the next generation of diverse investors and entrepreneurs, including women, people of color, and LGBTQ+.

TPG NEXT will seek to reshape and expand the alternatives marketplace, introducing new and flexible avenues to strategic capital to develop, launch, and propel the next generation of diverse investors and entrepreneurs. Empowering a more diverse group to become capital allocators will help to increase investment into diverse-led businesses, creating a positive ripple effect across the industry.




NAIC E-News

DEADLINE EXTENDED TO MARCH 31! NAIC Seeks High-Performing Women for PARADIGM CHANGERS Undergraduate and Graduate Internship Program!

Due to popular demand, we are extending the deadline for the NAIC PARADIGM CHANGERS Undergraduate and Graduate Internship Program to March 31! Time is running out to participate in this groundbreaking effort to address the lack of female participation – particularly diverse women – in alternative investments. The program provides education, career development programming, mentoring, and summer internships at leading NAIC and American Investment Council (AIC) member firms.

Made possible through a partnership between NAIC, AIC and the Robert Toigo Foundation, this innovative program is specifically designed to give undergraduate and graduate women the necessary tools to lead and succeed in the fields of Private Equity and Hedge Fund investing. Special thanks go to Key Partners IMB Partners, Palladium Equity Partners, LLC and TPG.

The NAIC PARADIGM CHANGERS Undergraduate and Graduate Internship Program seeks diverse women across a broad range of complementary academic disciplines, including business, law, healthcare, technology, mathematics, engineering, and others. We invite everyone in our network to share this and encourage high-performing female candidates to apply for this transformative initiative.




NAIC E-News

NAIC Accepting Applications for 2021-2022 MBA Fellowships

Designed to introduce diverse second-year MBA students with a focus in finance to the universe of diverse-owned private equity firms and hedge funds, NAIC is excited to announce that we are accepting applications for the 2021-2022 Class of NAIC MBA Fellows! A 10-month compensated fellowship, this will be the third year that NAIC is facilitating opportunities for young professionals through this program.

The responsibilities of the Fellows will include but not be limited to:
• Research on the Capital Allocator landscape, NAIC Member Firms, Emerging Manager programs across the country, and other relevant subject areas
• Data aggregation and complex presentation development
• Research and identification of potential NAIC members in the Private Equity and Hedge Fund sectors
• Development of a database of top diverse talent for relevant opportunities on portfolio company boards, as operating executives, and other positions relevant to our membership and stakeholder base

The 2021-2022 Fellowship period begins on September 7, 2021 and will end on June 30, 2022. All interested applicants must submit a one or two-page resume directly to MBAFellowships@naicpe.com.



NAIC E-News

The Reviews are in: NAIC NextGen Symposium is a Hit!

Attendees are providing fantastic feedback on the 2021 NAIC NextGen Symposium – which is halfway through the six-week curriculum. Here is what a few have had to say:

NAIC E-News

In this popular series, instructors representing the best-of-class in Private Equity deliver virtual training sessions featuring actionable advice, real-life examples and valuable takeaways covering everything required for a young firm to succeed in the industry. These immersive sessions are custom-designed for those who have recently launched a firm or seek to establish a new firm within the next 12 months. NAIC would like to thank the instructors, leading industry experts from Barings, Ernst & Young, GCM Grosvenor, Kirkland & Ellis, Mintz, Park Hill, Stellex Capital Management, and more. Their work on this crucial initiative will assuredly result in many successful diverse-owned private equity firms!



NAIC E-News

Jasmine Elbarbary Joins NAIC as Alliance and Marketing Manager

NAIC is excited to announce that Jasmine Elbarbary has joined our team as Alliance and Marketing Manager!

In this role, Jasmine will be responsible for managing the execution of deliverables for the organization’s premier alliances and partnerships. Additionally, she will lead the development and implementation of NAIC’s marketing strategy.

Before joining NAIC, Jasmine served as a community advocate for the City of Los Angeles, where she cultivated 385 civic leaders through two programs she created and led. As the Department’s Chief Sustainability Officer, Jasmine co-created the Green New Deal Toolkit for local communities to accelerate sustainable action. A Boston University graduate, Jasmine earned her B.A. in International Relations.

NAIC will greatly benefit from Jasmine’s expertise, energy and ability to execute impactful initiatives. Please join us in welcoming Jasmine to NAIC!



NAIC E-News

Aon Unveils Diverse Manager Investing Survey Report

The events of 2020 have impacted how institutional investors think about diversity (gender, race, LGBTQ, etc.) in their investment portfolios. Against this backdrop, Aon conducted a survey of institutional investors that revealed increased pressure from boards and beneficiaries to address diversity in their portfolio.

This report examines the potential challenges associated with diverse investing initiatives, as well as the reasons why investors pursue diverse investing initiatives, current trends in institutional investor diversity policies/programs, potential components of diverse investment programs, how diversity is defined and the pros and cons of those definitions, and more.




NAIC E-News

NAIC is Proud to Support: SUPERRETURN NORTH AMERICA VIRTUAL 2021

SuperReturn North America, SuperReturn Private Credit US and SuperReturn Energy are brought together to provide three days of valuable interactions and market-leading insights. All in a virtual setting.

Meet the people who matter to you on our event platform, join panels, presentations and group discussions across three days and benefit from this time-efficient way to meet everyone who is anyone in the private capital industry in North America.

Who will you meet?
Join 500+ senior decision-makers from 150+ LPs and 250+ GPs in North America and beyond to forge new connections, build established relationships and discover where your peers are investing in today’s market.

We hope you can attend the conference and take advantage of an exclusive NAIC discount. Benefit from the earlybird price of just $599. PLUS get a further 10% discount code: FKR2592VNAIC.




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


Wind Point Partners Acquires FoodScience Corporation

Wind Point Partners announced it acquired FoodScience Corporation, a Vermont-based formulator, manufacturer and marketer of high-quality nutritional supplements for humans and pets. The company offers a broad portfolio of nutritional supplements through its brands VetriScience, DaVinci, and Pet Naturals, as well as private label and custom formulation offerings. FoodScience represents Wind Point’s fifth platform acquisition of a family or entrepreneur-owned business in the last 18 months, continuing the firm’s decades-long history of partnering with founders and entrepreneurs to drive further growth and transformation.


Vista Equity Partners Portfolio Company Acquires Airbrake

LogicMonitor, a leading cloud-based infrastructure monitoring and observability platform, announced it acquired Airbrake, a developer-centric application error and performance monitoring company. The acquisition will extend LogicMonitor’s award-winning ITIM platform into developer environments and will enable customers to gain visibility into continuous integration and deployment (CI/CD) workflows while reducing risk to ensure that every code release delivers a flawless customer experience. LogicMonitor is a portfolio company of Vista Equity Partners.


One Rock Capital Partners Closes Fund III at $2.0 Billion Hard Cap

One Rock Capital Partners, LLC announced that it has successfully closed its third flagship private equity fund at its hard cap, with total capital commitments of $2.0 billion. One Rock Capital Partners III, LP (Fund III) marks One Rock’s largest fund to date, surpassing its target of $1.5 billion. As of the final closing of Fund III, One Rock has raised approximately $5 billion of cumulative capital commitments. Fund III’s institutional investor base consists of a diverse set of government and corporate pension plans, insurance companies, health organizations, endowments and foundations, and high net worth families.


Carrick Capital Partners Announces Growth Recapitalization of Renalogic

Carrick Capital Partners announced it made a significant investment in Renalogic, the industry leader in dialysis risk management and cost containment. Renalogic has grown rapidly in recent years as rising healthcare costs associated with chronic kidney disease (CKD) have become increasingly painful for employers. Renalogic takes a holistic approach to reducing risk associated with CKD, offering proven intervention for plans’ highest risk population, member education, patient advocacy, and dialysis cost containment.


Clearlake and TA Associates to Acquire Data Integrity Software Leader Precisely

Precisely, the global leader in data integrity, announced it signed a definitive agreement for Clearlake Capital Group, L.P. and TA Associates to acquire the company. Terms of the transaction were not disclosed. Precisely provides accuracy, consistency, and context in data for 12,000 customers in more than 100 countries, including 90 percent of the Fortune 100.

ON THE MOVE


Vista Equity Partners Builds Leadership Ranks

Vista Equity Partners announced a series of promotions to build its leadership ranks. Vista’s promotions and recent announcement that Thomas E. Hogan has joined the Flagship Fund as an Operational Managing Director follow a year of strong results for the firm. A total of 17 senior employees earned promotions in December 2020, including the following five individuals who were promoted to leadership positions: Patrick Severson – Senior Managing Director, Foundation Fund; Rod Aliabadi – Managing Director, Flagship Fund; Josh Gray – Operating Managing Director, Endeavor Fund; Rebecca Hu – Managing Director, Office of the CEO; Brent Lanier - Managing Director, Chief Information Officer.


EARNEST Partners Appoints Yugeng Sun and Aaron Kirchoff to Directors

EARNEST Partners announced the promotion of Yugeng Sun and Aaron Kirchoff, to Director. Yugeng was instrumental in EARNEST Partners receiving a coveted QFLP license in China. With this promotion, Yugeng will take on additional responsibilities for the leadership and development of EARNEST Partners’ business in China. For seven years, Aaron has been instrumental in building EARNEST Partners’ success by serving client needs and forming new relationships. This promotion puts Aaron in the leadership group at EARNEST Partners with responsibilities for developing external relationships and executing internal initiatives.


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