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

Heard Capital Joins NAIC

NAIC to Honor Ariel’s John Rogers with Lifetime Achievement Award

The NAIC will honor John W. Rogers, Jr., Chairman, CEO & Chief Investment Officer of Ariel Investments, with the Lifetime Achievement Award. The award will be presented during the NAIC Private Equity & Hedge Fund Conference in Chicago and recognizes an individual who has exhibited outstanding, innovative and visionary leadership in their career while demonstrating an understanding of the value of diversity. It is bestowed upon those who serve as role models for future generations of professionals of color.

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

AIC and NAIC Collaborate to Shut Down California Tax Bill

The NAIC, in collaboration with the American investment Council (AIC), is happy to announce that California Assembly Bill 2731 (Gipson) is officially dead. The bill would have imposed a tax of 17% on that portion of an individual’s taxable income derived from an investment management services interest, resulting in higher taxes for firms doing business within the state. The AIC spearheaded the lobbying effort to push back and reposition to the bill. NAIC leveraged relationships in California and its caucuses to enable the bill to fail without a floor vote from the California State Assembly and the California State Senate. NAIC's collaboration with AIC resulted in a unified voice across the private equity industry that was instrumental in protecting key tax provisions associated with the investment of capital for the purpose of long-term growth and capital appreciation.

NAIC Perspectives

Conference Flashback: Blueprint for Success

One of the highlights of NAIC’s 2017 conference was Blueprint for Success: Innovating to Build the Next Mega Firm where executives from leading firms shared the strategies they use to successfully raise and deploy capital and generate superior returns. The differences in the approaches and strategies of these founders underscored the advantage of diverse points of view when tackling complex challenges.

NAIC Compliance Corner

The Ins and Outs of Risk Alerts

The SEC issues periodic Risk Alerts which are aimed at promoting compliance by sharing the most frequently-cited deficiencies arising from its exam program. In this installment of Compliance Corner, NAIC partner ICSGroup breaks down the two Risk Alerts that have been issued so far in 2018 – compliance issues related to advisory fees and compliance issues related to best execution – and offer key takeaways for investment advisors to ensure compliance.

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.


Vista Equity Partners to Acquire Leading Consumer Directed Healthcare Firm

Alegeus, the market leader in consumer-directed healthcare (CDH), announced that 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 investing in financial services companies. Alegeus offers 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.

HarbourVest Adds New Managing Director

HarbourVest Partners announced that James (Jamie) Athanasoulas has joined the firm as a Managing Director. Athanasoulas will help lead the continued growth of the firm’s private credit investment program and team. Prior to joining HarbourVest, Jamie was a Managing Director at Bain Capital Credit, formerly known as Sankaty Advisors, where he originated, structured, and underwrote private debt and equity investments in the middle market. Prior to joining Bain Capital Credit, he was a Manager with Bain and Company where he focused a considerable amount of his time in the private equity group. Jamie received a BA from Georgetown University and an MBA from the Tuck School of Business at Dartmouth.

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

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