New NAIC Perspectives Videos Online

In this installment of Perspectives, Daniel L. Black, Managing Partner of the Wicks Group of Companies, talks about what actions can be taken to address the lack of diversity in private equity. Formerly Managing Director & Co-head of Merchant Banking at BNY Capital Markets, Inc. (a subsidiary of The Bank of New York), Black also shares his insight into the qualities needed to successfully identify business opportunities. Wicks Group is a New York City-based private equity firm that invests in lower-middle-market companies operating in selected segments of the information, education and media industries principally in the United States and Canada.

NEW MEMBER: College Hill Capital Partners

The NAIC welcomes College Hill Capital Partners as its newest member. The firm provides long-duration equity capital to company founders and family business owners who seek to retain control of their middle market companies. By providing patient and flexible equity capital with a targeted investment horizon of 10 years, College Hill Capital partners with portfolio companies provide resources to support strategies and initiatives to build equity value. Over the last 20 years, College Hill Capital founders have led the profitable startup of two middle market companies and the completion of over $2 billion of debt and equity investments yielding attractive risk-adjusted returns through several economic cycles.

Nominate a Rising Star and Deal of the Year Today!

The NAIC is currently accepting nominations from members for the Rising Star Award and Deal of the Year Award. The Rising Star Award recognizes outstanding young professionals in the financial industry, while the Deal of the Year honors a team that has completed a deal best representing the tremendous insight, extraordinary talent, and investment opportunities resident within the U.S. Emerging Domestic Market. Both awards will be presented at the Annual Private Equity and Hedge Fund Conference. Only current members are eligible to make nominations. Click below to download a nomination form:

Registration Open for Private Equity and Hedge Fund Conference

Register today for the NAIC Annual Private Equity and Hedge Fund Conference. To be held October 3-4, 2016 at Bank of America Tower in New York City, this is the premiere event for diverse-owned and emerging investment managers. The conference offers vital industry information, contacts and networking opportunities for professionals in all areas of the private equity industry. Please contact the NAIC office for more information and to learn more about additional sponsorship opportunities: [email protected]

NAIC Members in the News

One Rock Capital Affiliate Acquires Biochemical Diagnostics, Inc.

Kova International, Inc., an affiliate of One Rock Capital Partners, recently acquired Biochemical Diagnostics, Inc. Financial terms of the transaction were not disclosed. Founded in 1981, Biochemical Diagnostics, based in Edgewood, NY is a leading manufacturer and marketer of controls and disposable sample preparation products used in drugs of abuse testing. Biochemical Diagnostics’ products are utilized in toxicology and clinical laboratories and also in handheld devices for point of care testing.

Clearlake Capital Completes Acquisition of Vision Solutions

Clearlake Capital Group, L.P. together with its affiliates announced that it has completed the acquisition of Vision Solutions, Inc., a global data protection, high availability and cloud migration software provider with a proven track record of technological innovation on the IBM Power Systems, Windows, and Linux platforms. Financial terms of the transaction were not disclosed. Vision Solutions is a leading provider of software solutions designed to protect data, minimize downtime and maximize resources for the modern data center as enterprises migrate to the cloud and transform their operations.

Vista's Robert Smith Named Carnegie Hall's New Chairman

Robert F. Smith, founder, chairman, and chief executive officer of Vista Equity Partners, has been named Chairman of Carnegie Hall's Board of Trustees. Smith, a trustee since 2013, succeeds Carnegie Hall's Acting Chairman Mercedes T. Bass. Since 1891, Carnegie Hall has set the international standard for excellence in performance as the aspirational destination for the world's finest musicians. Now celebrating its 125th anniversary season, the Hall today presents a wide range of performances each season including concert series curated by acclaimed artists and composers; citywide festivals featuring collaborations with leading New York City cultural institutions; orchestral performances, chamber music, new music concerts, and recitals; and the best in jazz, world, and popular music.

Rock Creek Group Founder Featured in P&I Video, Receives Lifetime Achievement Award

Afsaneh M. Beschloss, founder and CEO of The Rock Creek Group, speaks with P&I senior reporter Christine Williamson. In Face to Face, a Pensions & Investments video series, Beschloss discuss her beginnings in the hedge fund industry, how the industry has evolved, as well as the current debate over fees and the industry's future. Beschloss was also honored as the 2016 Investor Lifetime Achievement Award recipient by Institutional Investor magazine at a dinner and ceremony that took place at the Mandarin Oriental in New York City on June 23, 2016.

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