You may unsubscribe if you no longer wish to receive our emails.
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

Chicago Teachers Issues RFP for Investment Manager Services

Chicago Teachers Issues RFP for Investment Manager Services

The Chicago Teachers' Pension Fund has issued a Request for Proposal for all qualified professional firms interested in providing MWDBE Private Equity Investment Manager services to the Fund. The investment manager must have a fully documented track record of realized investments in private equity assets, on behalf of institutional investors. The investment manager must also have more than $500 million in Private Equity assets under management, however smaller firms are encouraged to respond. Chicago Teachers' Pension Fund expected commitment size will be up to $30 million, possibly spit among two firms.

For more information, visit: http://www.ctpf.org/general_info/procurement.htm

Fairview Capital Releases Review of Woman and Minority-Owned Private Equity Firms

Fairview Capital Releases Review of Woman and Minority-Owned Private Equity Firms

Fairview Capital recently released its review of woman and minority-owned private equity and venture capital firms in the market in 2017. The report tracks the growth in the number of woman and minority-owned private equity firms, their investment strategies, geography, fund sizes, as well as their ethnic and gender breakdowns. The review summary states that despite the growth of the woman and minority-owned segment of the private equity industry outpacing that of the overall private equity market in 2017, and efforts on the part of some institutional investors to be more inclusive of woman and minority managers, these firms continue to face significant challenges in raising capital and building their organizations.

The full report can be viewed here: http://bit.ly/2GfzuwU


MEMBERS IN THE NEWS

New Mainstream Portfolio Company Sold to Marketing Analytics Services Firm

Claritas, a leading provider of consumer segmentation analysis and tools for improving marketing performance, acquired Miami-based Geoscape International Inc., a portfolio company of New Mainstream Capital. Founded in 1995, Geoscape is known for its unique data, technology, depth of knowledge and understanding of multicultural consumers. The company provides automated intelligence systems, unique data products, research and analytic services for companies seeking to accelerate growth by tapping into the growth of new mainstream consumers in the U.S., Canada and Europe. A former division of Nielsen, Claritas is now independently owned by The Carlyle Group (NASDAQ: CG), in partnership with the Indian Hill Group.


Vicente Capital Portfolio Company Acquires Driver’s License Testing Software Provider

Intellectual Technology, Inc. (ITI), a Vicente Capital portfolio company, announced it acquired Solutions Thru Software LTD (STS). STS is the leading provider of driver’s license knowledge testing software. The acquisition significantly expands ITI’s product offering and distribution capabilities for motor vehicle agencies into the driver’s license knowledge testing and road assessment testing markets and broadens its overall automated solutions offering. STS has been providing state of the art driver knowledge testing systems since 1998. Traditionally, STS products have been focused on software for driver knowledge testing and road assessment testing and the company has expanded into scheduling software.

ON THE MOVE

Renae Griffin joins GCM Grosvenor

GCM Grosvenor announced that Renae Griffin has joined the firm as a Director in a newly created role. Previously, Griffin was CEO of RG + Associates, a firm she founded in 2001 to focus on market strategy and business development consulting for emerging and diverse asset managers, which has annually sponsored its flagship ConsortiumEAST and ConsortiumWEST conferences for over a decade. In her new role, Griffin will assist GCM Grosvenor in expanding its small, emerging and diverse manager platform. She will also focus on developing effective strategies for institutional investors, federal, state and local government agencies, corporations and non-profits to expand their exposure to high-quality emerging and diverse asset managers.


New Mainstream Capital Adds Principal

New MainStream Capital announced that Noel Jeon has joined the firm as a Principal, with a focus on transactions in the Business Services arena. Mr. Jeon will be principally responsible for developing investment themes and actively pursuing deal sourcing, as well as investment due diligence, transaction execution, and working closely with portfolio company management teams. Mr. Jeon received a Bachelor of Science degree in Finance and Accounting from New York University, Leonard N. Stern School of Business, and an MBA from Harvard Business School.

Fairview Capital Promotes Aakar Vachhani to Partner

Aakar Vachhani has been promoted to Partner of Fairview Capital. Mr. Vachhani joined the firm in April 2008 and is involved in research, due diligence, investment monitoring, and business development for Fairview's venture capital and private equity partnership and direct co-investment portfolios. He has also been an ambassador for Fairview in the local, national and international community and established and leads Fairview's San Francisco office. Mr. Vachhani holds a B.S. in Economics-Finance from Bentley University and an MBA in Finance and Entrepreneurship & Innovation from the Kellogg School of Management.

Visit our website for industry news and events from our partners.

NAIC
Copyright © 2018 National Association of Investment Companies, All rights reserved.