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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

Private Equity Leaders Working to Increase Gender Diversity

Free Access to a Powerful Sales, Marketing Tool for NAIC Members

Through our partnership with FIN Searches, NAIC members now have access to a powerful directory that allows users to perform customized searches with a comprehensive but user-friendly database of nearly 30,000 contacts at 1,500 allocators and 10,000 contacts within 250 consulting firms. The custom sales and marketing tool from FIN Searches created for NAIC members will include details on institutions with allocations to alternatives and private equity specifically, including the consultants they work with and the firms that have received allocations. Advanced filtering options allow users to narrow their searches by plan name, plan type, fund size, location and more, while consultants can be sorted by location, assets under advisement and consulting relationships. The offering also provides a searchable database of firms managing private equity and credit assets for institutions that can be sorted by name, strategy or location.

If you haven't received our prior notice, please contact Dawn Simmons ( for login credentials.

Heard Capital Joins NAIC

SAVE THE DATE! NAIC Annual Private Equity and Hedge Fund Conference in Chicago

The NAIC Annual Private Equity and Hedge Fund Conference will be held October 24-25, 2018 at the headquarters of William Blair, 150 North Riverside Plaza, Chicago, IL. Explore business opportunities and the latest market trends while networking with leading dealmakers, chief investment officers, limited partners, and influential decision-makers from the private equity and hedge fund industry. The event will offer vital industry information, contacts and networking opportunities for professionals in all areas of the industry. The NAIC will provide updates on the agenda, speakers and other details as they are completed.

NAIC Compliance Corner

Confronting the CCO Liability Trend and Mitigating the Risk

The risk of personal liability continues to be a concern for chief compliance officers under SEC Chairman Jay Clayton’s administration. Both SEC administrations have placed an importance on the protection of investors, the deterrence of violations, and increasing transparency. These priorities have led to rules, regulations and enforcement actions that have resulted in increased responsibilities for advisory firms and their CCOs. In this installment of Compliance Corner, NAIC partner ICSGroup looks at several landmark cases involving CCO liability and explore the factors that lead to personal culpability for CCOs.

NAIC Perspectives

NAIC Perspectives: A Viable Career Path for Women

Alisa Amarosa Wood, Member, Client and Partner Group, Kohlberg Kravis Roberts & Co. L.P., points out some dismal statistics: women make up only about 18% of the entire private equity industry, and roughly 9% of the senior levels. Her take on why this is a problem and what needs to be done about it is the focus of this installment of Perspectives, NAIC’s web video series.


Pharos Capital Launches Oncology Practice, Clinical Research Management Platform

Pharos Capital Group, LLC announced it has acquired Horizon Oncology, headquartered in Lafayette, Indiana. The acquisition marks the launch of Verdi Oncology, Inc. ("Verdi"), an oncology practice and clinical research management company. Verdi will focus on aggregating high-quality oncology practices that participate or qualify to participate in the Oncology Care Model program, a value-based care payment program backed by CMS, and similar value-based care payment programs offered by commercial payors. Founded in 2001, Horizon has four providers offering oncology and hematology services. Additionally, the practice offers cutting edge clinical trials opportunities for patients throughout the Midwest. Terms of the transaction were not disclosed.

GenNx360 Capital Acquires Housing Solutions Provider

GenNx360 Capital Partners announced its acquisition of CRS Temporary Housing, a leading asset-light provider of professionalized relocation and temporary housing solutions. Terms of the transaction were not disclosed. Founded nearly 30 years ago and headquartered in Phoenix, Arizona, CRS services the property and casualty insurance industry providing relocation and temporary housing solutions to dislocated policyholders. This dislocation typically results from fire or water damage with CRS assisting the policyholder from the time of initial loss through completion of repair and subsequent move-in.

One Rock Capital Partners Sells Airxcel

One Rock Capital Partners, LLC announced that one of its affiliates has signed a definitive agreement to sell AXL Holdings, Inc. (Airxcel) to L Catterton. Founded in 1991, Airxcel is the largest privately held designer, manufacturer and distributor of branded and critically functional products for the OEM and aftermarket recreation vehicle industry, marine as well as other commercial and industrial markets. Airxcel is the North American market leader in nearly every product category and sales channel it serves with premium brands including Coleman-Mach, MaxxAir, Suburban, Dicor, Vixen Composites, United Shade, MCD, Marvair, Industrial Climate Engineering and Eubank.

ICV Partners Acquires Outpatient Imaging Affiliates

ICV Partners, LLC announced the acquisition of Outpatient Imaging Affiliates, LLC (OIA), a leading provider of outpatient radiology services in partnership with leading health systems across the country. ICV acquired OIA from the company's founder, Frank Kyle and MedCare Investment Funds, a privately held family office. Headquartered in Franklin, TN and founded in 2000, OIA today has over 30 locations in over nine states in the Southeast, Mid-Atlantic and Midwest. Ten locations are wholly-owned by OIA, 19 are joint-ventures with health system partners and the remaining locations are where the company has a management and billing contract.

Clearlake Capital Closes Fund V at Over $3.6 Billion

Clearlake Capital Group, L.P. announced it has completed fundraising for Clearlake Capital Partners V (Fund V) with over $3.6 billion in commitments. Fund V exceeded its target and was substantially oversubscribed, reaching its hard cap. At over $3.6 billion, Fund V is Clearlake’s largest private equity fund to date. This brings Clearlake's total cumulative capital commitments since inception to more than $7 billion. Fund V has already begun investing with several signed or closed transactions including Perforce Software, Diligent Corporation, Janus International, ProVation Medical, and Wheel Pros.

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