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The Largest Network of Diverse-Owned Private Equity Firms and Hedge Funds |
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NAIC Perspectives: Creating Opportunities for Diverse CommunitiesJohn W. Rogers, Jr., Chairman, Co-CEO and Chief Investment Officer of Ariel Investments, believes that to create more opportunities for diverse-owned businesses and their communities, there must first be greater diverse representation in the boardroom working to see that opportunities flow into these communities. In this installment of Perspectives, NAICs online video series, Rogers shares his thoughts on why it is critically important that there are more diverse professionals on corporate and non-profit boards. |
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America's Largest Investment Managers of Color Call for Action!The Diverse Alternative Investment Industry issued a call to action in support of building a system to ensure African American and LatinX businesses gain greater access to institutional capital in order to create stronger, more vibrant diverse communities. The statement, signed and supported by more than 55 industry leaders, states that such a system will level the playing field and create a permanent foundation to help these communities achieve the health and wealth that other communities take for granted. |
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Carrick Capital Partners: Navigating a Growing Digital EconomyThe digital economy is expected to continue its growth trajectory, with investment opportunities even in todays uncertain markets. In this Member Focus, we profile San Francisco-based Carrick Capital, a growth equity firm that invests in software as a service, transaction processing, and technology-enabled enterprise-focused business-to-business companies. We chronicle Carricks origins, highlight one of its significant deals and detail the new opportunities that have arisen in recent times. |
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NAIC is Going Virtual! Check Out Our Full Slate of Digital EventsWith the health and wellbeing of our network at the forefront of our thoughts, NAIC announced a full slate of virtual engagements for the remainder of 2020 and beyond. Content-rich webinars, virtual LP Meetups, Institutional Investor Roadshows, and other initiatives will raise our level of member engagement to new heights while eliminating health and travel concerns. In short, we are committed to continuing to deliver high value, highly relevant experiences in a virtual environment without sacrificing the quality or level of insight for which NAIC is known. |
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Compliance Corner: How to Manage Compliance During a PandemicThough COVID-19 has mandated a change of work environment for many in our industry, regulatory compliance must still be maintained to the same pre-pandemic level. In this special video installment of Compliance Corner, Medina Jett, Founder and President of NAIC partner ICSGroup, describes four steps Chief Compliance Officers can take to ensure the efficacy of their firm's compliance program while working from home. |
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NAIC Board Member Xavier A. Gutierrez Named NHL's First Latino President & CEOThe Arizona Coyotes announced that NAIC Board Member Xavier A. Gutierrez has been named as the club's new President, CEO and Alternate Governor. Gutierrez becomes the first Latino team President & CEO in NHL history. Gutierrez, a former Managing Director at Clearlake Capital Group, has a 20-plus-year career as a business executive, investor and dealmaker focused on investment management, corporate strategy & operations, finance, and business development. Gutierrez is a graduate of Bellarmine College Preparatory, an all-boys Jesuit high school in San Jose, California. He received his Bachelor of Arts (AB) cum laude in Government from Harvard University, and his Doctor of Jurisprudence (JD) from Stanford Law School. |
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Meet Olivia Al, NAICs Undergraduate Summer Intern!Please welcome to the NAIC family our new intern, Olivia Al! Heading into her senior year, Olivia Al comes to us by way of American University in Washington, D.C. where she is a finance major with a minor in information technology. |
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NAIC Welcomes Avante Capital Partners!Please join us in welcoming NAICs newest member, Avante Capital Partners! Based in Los Angeles, Avante Capital Partners (https://www.avantecap.com/) is a women-owned private credit and structured equity fund. The firm invests $5 million-$25 million of capital in the form of unitranche or one-stop debt as well as mezzanine debt and minority equity. The firm has an interest in, but not an exclusive focus on, providing capital to women and diverse-owned companies. We are delighted to welcome them to the NAIC family! |
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Connect with NAIC on Social Media!Stay up-to-date on the latest news from diverse-owned private equity firms and hedge funds, news-making deals, NAIC announcements, interviews with high-profile insiders and other industry happenings by following us on social media. |
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GCM Grosvenor Closes on its $85 Million Strategic Capital Partnership with Bakersfield Renewable FuelsGCM Grosvenor announced that it has closed on an agreement to provide $85 million in debt financing to Bakersfield Renewable Fuels (BKRF) to help retool the former Alon oil refinery in Bakersfield, California. GCM Grosvenor joins Orion Energy Partners, L.P. and Voya Investment Management in providing a total of $365 million in capital to BKRF. The investment is part of GCM Grosvenors Labor Impact Strategy, which focuses on investing in infrastructure assets that rely on collaboration with union labor to seek opportunities that generate high-quality risk-adjusted returns for investors. The retooling is expected to create over 255,000 union work-hours across a wide range of trades, and provide substantial ongoing union work post-completion |
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Harlem Capital Backs Chicago-Based AI Startup4Degrees, a Chicago-based artificial intelligence startup, has received an investment from Harlem Capital. Founded in 2017 by Ablorde Ashigbi and David Vandegrift, 4Degrees developed an AI tool designed to help users create better connections and build stronger professional relationships. Focusing initially on industries like venture capital, private equity, commercial real estate and investment banking, 4Degrees platform identifies the right connections that users should focus on and helps strengthen those relationships over time. |
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Amy Wierenga Joins GCM Grosvenor as Chief Risk OfficerGCM Grosvenor announced that Amy Wierenga has joined the firm as Chief Risk Officer. Ms. Wierenga will be responsible for risk management in support of the firm's global alternatives investment activities. In this capacity, Ms. Wierenga will oversee risk underwriting on new investments as well as risk associated with portfolio construction and will contribute to a continued elevation of the firm's overall risk analytics framework. Ms. Wierenga brings more than 20 years of experience to her new role. She joins GCM Grosvenor from Blue Mountain Capital Management, where she spent 12 years in a variety of roles, most recently as Chief Risk Officer. |
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