RSVP Now for the Los Angeles NAIC Capital Allocators Roadshow

Reserve your place at the next NAIC Capital Allocators Roadshows, April 11-12 in Los Angeles. This event is open to members only and offer an opportunity to meet with Los Angeles public pension plans and allow each institutional investor to share information about their program while getting to know NAIC members and other participating LPs better.

To RSVP, please contact Dawn Simmons at: [email protected]

Registration is now open 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.

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

2016 NAIC Members Performance Survey

As we continue with our preparations for the 2016 Performance Survey is under way, we want to remind NAIC members to complete the questionnaire at their earliest convenience. 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 members.

NAIC Members in the News

New MainStream Capital Portfolio Company Acquires Medical Practice

Anne Arundel Dermatology Management (“ADM”), a portfolio company of New MainStream Capital ("NMS"), announced today that it has acquired the practice of Risa M. Jampel, MD. Based in Owings Mills, MD, Dr. Jampel has more than 25 years of experience in cosmetic, general and surgical dermatology. Dr. Jampel's practice will operate under the “Anne Arundel Dermatology” ("AAD") name, with AAD growing the team of dermatology professionals providing care to the Baltimore market. Anne Arundel Dermatology is a leading provider of dermatological services in Maryland. Headquartered in Severna Park, Maryland and with 18 locations and over 30 providers, AAD is the largest dermatology practice in the state providing a comprehensive suite of dermatologic services, offering general dermatology, advanced treatment options for skin cancer and cosmetic procedures. With this transaction, ADM has completed its second acquisition since its recapitalization in June 2015.

Clearlake Capital Group Leads Recapitalization of Globe Energy Services

Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake") and Globe Energy Services, LLC (“Globe” or the “Company”) today announced that Clearlake has led the successful recapitalization of Globe in partnership with the Company's management team and other existing stakeholders. Terms of the transaction were not disclosed. Headquartered in Snyder, Texas, Globe is a leading provider of oilfield services with more than 50 operating locations throughout Texas, New Mexico and Oklahoma. The Company offers a full range of services primarily focused on production activities and the maintenance of existing wells, with capabilities that include fluid services, completion services, artificial lift, well services, fishing and rental, production chemicals, water infrastructure solutions and other environmental services. Globe was founded in 2004 to serve oil and gas producers in the Permian Basin, and has since grown to provide additional complementary service lines across multiple basins in the U.S. as a result of the strong support from its loyal customer base and the Company's commitment to operational excellence.

CSW Private Equity's Michael A. Smart Named to PCAOB Investor Advisory Group

Michael A. Smart, Co-Founder and Co-Managing Partner of CSW Private Equity, was appointed to the Public Company Accounting Oversight Board (PCAOB) Investor Advisory Group. The PCAOB Investor Advisory Group provides views and advice to the Board on broad policy issues and other matters related to the work of the PCAOB that affect investors. The Board relies on the IAG to provide high-level advice and insight on matters the Board may face in fulfilling its mission to protect investors under the Sarbanes-Oxley Act.

Stellex Capital Management Affiliate Acquires Equipment Manufacturer

An affiliate of Stellex Capital Management has acquired Morbark, LLC, a Winn, Michigan-based manufacturer of durable, high-performance equipment for the forestry, recycling, tree care, sawmill and biomass markets. Morbark produces a full line of whole tree and waste wood chippers, flails, brush chippers, horizontal and tub grinders, sawmill equipment, material handling systems and more. According to Morbark, the stock purchase is a strong fit for the new owners with a portfolio focus of identifying companies with solid market and product presence that can benefit from growth capital and aggressive management and operating strategies.

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