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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

Heard Capital Joins NAIC

NAIC to Honor Outstanding Professionals During Private Equity and Hedge Fund Conference

NAIC will recognize a host of individuals during the NAIC Annual Private Equity and Hedge Fund Conference October 24-25, 2018 at the corporate headquarters of William Blair & Company in Chicago.

Among them, Jose Guzman, Investment Officer, NYC Comptroller Bureau of Asset Management, who will receive the Rising Star Award. The award recognizes young professionals who are leading the way in the industry with their talent, dedication and expertise. Guzman helps manage the $19 billion private equity portfolio within the $190 billion NYC Retirement System.

Titled The Crossroads of Commerce and Capital, the conference will be a vast source of in-depth analysis into the private equity and hedge fund industries, investment strategies and tactics, deal-making and structuring, as well as a host of other timely and relevant topics.

New NAIC Member

NAIC Welcomes Elizabeth Park Capital Management!

The NAIC announced that Elizabeth Park Capital Management ( has joined the trade association. Founded in 2008, Elizabeth Park invests in equities (long and short), preferreds (straight, trust, and convertible) and covered options of small-cap and mid-cap financial services companies with market capitalizations less than $20 billion. Based in Pepper Pike, Ohio, the firm's focus industries include banks and thrifts, MBS REITs, and specialty finance companies. Fundamental research is supported by quantitative screening, thorough risk management, including regional and style concentration limits, and selectively outsourcing trading execution.

NAIC Perspectives

NAIC Perspectives: Behavioral Alpha

In this installment of Perspectives, NAIC’s web video series, Nili Gilbert, Co-Founder and Portfolio Manager of Matarin Capital Management, explains that markets are inefficient in the intermediate term due to the impact of emotional reactions from many investors. When these factors come into play, asset prices may move further away from their true fair value. Matarin seeks to capitalize on those emotional swings using a disciplined approach to remove the emotional factor to generate "behavioral alpha."

Get Social: Connect with NAIC on LinkedIn

For the latest industry news, trends, statistics and more, connect with the NAIC on LinkedIn. We will regularly update our network with deal alerts, member profiles, facts and figures, compelling videos, research, industry events, valuable resources and other topics of interest to our membership.


Clearlake to Sell Automotive Interior Materials Supplier

Clearlake Capital Group, L.P. announced a definitive agreement to sell Sage Automotive Interiors to an affiliate of Asahi Kasei Corp. The transaction is subject to customary closing conditions and regulatory approvals. Sage is one of the world’s leading providers of automotive interior materials—seating, door panel surfaces, and headliners—to automotive Original Equipment Manufacturers. Global offices and manufacturing locations include the U.S., Japan, China, Brazil, Korea, India, Thailand, Mexico, and Europe.

GenNx360 Capital Partners Acquires Precision Aviation Group

GenNx360 Capital Partners announced its acquisition of Precision Aviation Group, Inc. (PAG). Established in 1993, PAG is a leading provider of maintenance, repair and overhaul and supply chain solutions for fixed and rotary-wing aircrafts serving diverse end markets. Headquartered in Atlanta, Georgia, the Company operates out of nine locations in the United States, Canada, Australia, Brazil and Singapore. With nine locations and more than 260,000-square-feet of sales and service facilities in the United States, Canada, Australia, Brazil, and Singapore, PAG serves aviation customers through two business functions – Aviation Supply Chain, and its trademarked Inventory Supported Maintenance, Repair and Overhaul services.

Grain Management to Acquire Nebraska Telecommunications Company

Grain Management, LLC announced that it entered into a definitive agreement to acquire Great Plains Communications - the largest privately-owned telecommunications provider in Nebraska. Grain will acquire Great Plains Communications from its current owners, whose families have led the company’s growth since 1910, when it began as a local telephone company. The company offers residential services, such as digital phone, high-definition cable television, and broadband Internet through DSL, cable modem, satellite or fiber to more than 90 communities across the state. It also provides business services ranging from traditional voice and data products to installation and support of large business networks with scalable Ethernet solutions.

Palladium Equity Partners to Invest in Partnership with Owners of Spices Provider

Palladium Equity Partners, LLC announced that one of its affiliated private equity funds has made an investment in partnership with the owners of Spice World, Inc., a leading supplier of garlic and other spices under the Spice World brand. Terms were not disclosed. Founded in 1949 and led by multiple generations of Caneza family members, Spice World offers a broad portfolio of garlic and other spice products in a variety of formats, including fresh, peeled, and minced garlic and other spices sold under the Spice World brand. The company today distributes its products in the U.S. through a broad customer base, including grocery chains, club stores, and distributors.

Vista Equity Partners to Acquire Leading Consumer Directed Healthcare Firm

Vista Equity Partners has signed a definitive agreement to acquire Alegeus from investment funds affiliated with Lightyear Capital LLC, a New York-based private equity firm. Alegeus is the market leader in consumer directed healthcare (CDH) solutions, offering the industry’s most comprehensive platform for the administration of healthcare benefit accounts (including FSAs, HSAs, HRAs, wellness incentive, dependent care, and commuter accounts), the industry’s most widely-used benefit debit card, and powerful engagement solutions to help consumers maximize savings and optimize spending for their healthcare.

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