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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 Perspectives

NAIC Perspectives: Bring Your Best Thinking

In this installment of Perspectives, NAIC’s online video series, Jacqui Robertson, Global Head of Talent, Diversity and Inclusion for William Blair & Co., shares her thoughts on what it takes for young diverse professionals to succeed in the finance industry. Employees who bring their best thinking and are collaborative will succeed over those with high IQs but low emotional quotients.

NAIC Roadshow

NAIC Institutional Investor Roadshow Visits Austin

On November 16th, NAIC made the final roadshow stop of the year in Austin, Texas. The meeting was hosted by Teacher Retirement System of Texas (TRS) and included Employee Retirement System of Texas (ERS), Texas County & District Retirement System (TCDRS), Texas Municipal Retirement System (TMRS), and University of Texas Investment Management Company (UTIMCO). In the aggregate, the participating institutional investors manage over $284 billion in assets. The roadshow meeting was the largest to date and included a general session in the morning followed by private meetings for participating members with each of the allocators. A record-breaking 26 NAIC members participated in the roadshow to represent their respective firms. NAIC Institutional Investor Roadshows are members-only events that bring together high-ranking investment managers with limited partners and government officials to share insights and market intelligence, network and discuss business opportunities.

NAIC Compliance Corner

Best Practices Guide for Marketing Reviews

The SEC prohibits the use of fraudulent or misleading advertising or marketing material. In order to ensure compliance with anti-fraud rules and SEC no-action letters and guidance, NAIC partner ICSGroup recommends investment advisors have in place strong supervisory and compliance policies and procedures. ICSGroup also takes a look at the different categories of marketing and advertising materials and how to avoid some of the more common mistakes made my investment advisors.

NAIC Compliance Corner

Representations and Warranties Insurance: A Tool for Mitigating M&A Downside Risk

Representations and Warranties (or R&W) Insurance is a tool that mitigates the risk that comes with valuing an asset that may have an unforeseen negative impact to that valuation following completion of the transaction (such as a financial statement error or lien, for example) the seller may not have disclosed and wasn’t discovered during the due diligence process. Here’s how R&W Insurance can work for the benefit both the buy- and sell-side.

NAIC Compliance Corner

Got News? Let Us Know!

Whether your firm has closed on a big deal, a new fund or brought in a new executive, the NAIC wants to know! Please share the important happenings at your firm with us for inclusion in our e-newsletters and let your colleagues around the industry know of your successes. Please send news releases to Alan Hughes:


Siris Capital Completes Sale of Intralinks Holdings in $1.5B Deal

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, announced it has completed the acquisition of Intralinks Holdings, Inc. Intralinks is a leading financial technology provider for the global banking, deal-making and capital markets communities. Under the terms of the agreement, SS&C purchased Intralinks for a total consideration of $1.5 billion. The purchase price will consist of $1 billion in cash and $500 million in SS&C stock, with the per share price of the stock based on the volume weighted average trading price for 30 trading days prior to closing. SS&C funded the acquisition with a combination of approximately 9.9 million common shares and $1.0 billion of incremental term loan debt.

Clearlake Capital Acquires TEAM Technologies

Clearlake Capital Group, L.P. announced that it has acquired TEAM Technologies Inc., in partnership with Company management, from The Riverside Company. TEAM Technologies is a leading custom design and manufacturing partner to many of the world’s leading brands in the dental, medical, and cosmetic industries. Financial terms of the transaction were not disclosed. Headquartered in Morristown, Tennessee, TEAM Technologies supports its customers across the entire product lifecycle, beginning with in-house design and innovation capabilities, through delivery via its highly automated manufacturing and packaging capabilities.

Apptio to be Acquired by Vista Equity Partners for $1.94B

Apptio, Inc. (NASDAQ: APTI), the business management system of record for hybrid IT, announced that it has entered into a definitive agreement to be acquired by an affiliate of Vista Equity Partners. Under the terms of the agreement, Vista will acquire all outstanding shares of Apptio common stock for a total value of approximately $1.94 billion. Apptio shareholders will receive $38.00 in cash per share, representing a 53% premium to the unaffected closing price as of November 9, 2018.

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