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NAIC EXCLUSIVE — Top Talent Finding Success On Their Own

Many NAIC members got their start at large firms and left to build and grow their firms. "Top Talent Finding Success On Their Own" is an NAIC original feature article that takes a look at this trend and those who used their well-honed skills and risked their financial security and reputations to create ventures that are delivering superior returns. It also points out these investment teams have the advantages of flexibility and innovative approaches while maintaining the level of expertise that they used to generate superior returns while employed at the big-name firms.

Introducing: Perspectives, an NAIC Original Video Series

The Perspectives video web series, hosted by the National Association of Investment Companies, provides a look into the world of diverse investment managers and the industries in which they do business. Important industry news, the latest trends and groundbreaking transactions are discussed by the industry professionals and influential deal-makers who make them happen.

In the first video of the series, R. David Kelly, Chairman of the Teacher Retirement System of Texas (TRS), explains why he believes the future of diverse managers within the private equity space is a mixed picture. Click below to view the first episode.

NAIC WELCOMES — The Vistria Group

The NAIC proudly welcomes The Vistria Group as its newest member. Vistria is a Chicago-based private investment firm focused on investing in middle market companies in the healthcare, education, and financial services sectors. Vistria’s team is comprised of highly experienced operating partners and private equity executives with proven track records of working with management teams in building innovative, market-leading companies.

REMINDER: 2016 NAIC Members Performance Survey

As we continue our work on the 2016 Performance Survey, we want to remind NAIC members who haven't already done so to download and complete the questionnaire prior to the June 15 deadline. The last survey, completed in 2012, was instrumental in informing the industry, institutional investors, and the public at large of the value diverse managers. We are certain the 2016 study will continue to serve as a resource about the expertise and performance of NAIC member firms. If you have any questions, please contact Jennell Lynch at [email protected].

Registration will open shortly 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 that 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]

Click below to view the highlights of last year's event:


NAIC Members in the News

New MainStream Capital Acquires Constellation Behavioral Health

New MainStream Capital announced that, in partnership with company CEO and Founder William "Bill" Morrison, it has acquired Constellation Behavioral Health, LLC (CBH), a Mill Valley, CA-based company that offers specialized treatment programs for addiction, mental health and co-occurring behavioral health disorders. New MainStream Capital anticipates providing additional equity capital to support CBH's future growth, both through strategic acquisitions and de novo facility openings. Founded in 2010 CBH focuses on the fundamental belief that excellent treatment outcomes require an intense focus on diagnosing and treating co-occurring disorders, and that a program's success ultimately depends on a strong combination of best-in-class medical experts, clinical talent and professional management.


Clearlake Capital to Acquire Vision Solutions

Clearlake Capital Group, L.P. announced that it reached a definitive agreement to acquire 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 – from private equity investment firm Thoma Bravo, LLC. 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. Vision serves a diverse base of approximately 12,000 customers ranging from SMBs to the Fortune 500 in over 70 countries worldwide.

Vista Equity Partners to Acquire Marketo, Inc. for $1.79 Billion

Marketo, Inc., a publicly traded provider of engagement marketing software and solutions, announced that it entered into a definitive agreement to be acquired by Vista Equity Partners. Under terms of the all-cash deal, Vista will acquire all outstanding shares of Marketo common stock for a total value of approximately $1.79 billion. Marketo shareholders will receive $35.25 in cash per share, representing a 64% premium to the unaffected closing price as of May 9, 2016. Headquartered in San Mateo, CA, Marketo provides the leading engagement marketing software and solutions designed to help marketers develop long-term relationships with their customers - from acquisition to advocacy.

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