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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

REGISTER TODAY! NAIC Annual Private Equity and Hedge Fund Conference in Chicago

The NAIC Annual Private Equity and Hedge Fund Conference will be held October 24-25, 2018 at the headquarters of William Blair & Company, 150 N Riverside Plaza, Chicago. Titled The Crossroads of Commerce and Capital, this will be an engaging and insightful event that is not to be missed. Attended by leading general partners, chief investment officers, limited partners, and influential decision-makers, a plethora of timely and relevant topics discussions will be covered by knowledgeable panelists from throughout the private equity and hedge fund industry.



NAIC Compliance Corner

Verus Investment Partners and Mill Point Capital Join NAIC!

The NAIC proudly announced that Verus Investment Partners and Mill Point Capital have joined the trade association. Verus Investment Partners, LLC (formerly Uni-World Capital) was founded in 2007 focused on making leveraged buyout and growth equity investments in lower middle-market companies. The firm focuses on the Consumer Products, Food & Beverage, Chemical, Value-Added Manufacturing, Technology-Enabled Business Services, Building Products, High Margin Distribution sectors. Mill Point Capital's middle-market buyout strategy focuses on control-oriented investments in strong and established businesses looking to grow, as well as businesses undergoing transition. The firm's focus areas include business services and industrial investments in North America.

NAIC Perspectives

NAIC Perspectives: Progressive Practices

In this installment of Perspectives, NAIC’s video series, Maha Eltobgy, Head of Investors Industries, Member of the Executive Committee, World Economic Forum LLC, says private equity firms are starting to create mechanisms to penetrate the perception that the industry has an old boys’ club atmosphere. Among these practices are working with human resources departments to ensure that the firm is looking at resumes for qualified female candidates and interviewing more women.


NAIC Compliance Corner

SEC Breathes New Life into the Standard of Care

On April 18, 2018, the SEC approved the proposal of a three-part regulatory package concerning the standard code of conduct for broker dealers and investment advisers: 1) clarifying regulations regarding best interest; (2) Form CRS; and (3) guidance regarding appropriate standards of conduct for investment advisers. These regulations are likely to be approved later in the year. In this installment of Compliance Corner, NAIC partner ICS Group breaks down each part of the package and what it means for those in the investment industry.



NAIC Compliance Corner

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.



MEMBERS IN THE NEWS

Clearlake Capital Portfolio Company Acquires Automotive Products Provider

Wheel Pros, a leading designer, marketer, and distributor of branded automotive aftermarket wheels, performance tires, and accessories, announced that it has completed the acquisition of Amcor Industries, Inc. (d/b/a Gorilla Automotive Products), a leading designer and distributor of branded automotive aftermarket lug nuts and wheel locks. Financial terms of the transaction were not disclosed. Wheel Pros currently serves more than 10,000 retailers with a global network of 33 distribution centers spanning North America and Australia. The Company has a portfolio of 12 proprietary brands with more than 300 custom wheel styles, including some of the most recognized designs in the industry.



GTCR and Sycamore Partners Complete Acquisition of CommerceHub

Affiliates of GTCR and Sycamore Partners announced the closing of the acquisition of CommerceHub, Inc., a leading distributed commerce network for retailers and brands. CommerceHub is a distributed commerce network connecting supply, demand and delivery that helps retailers and brands increase sales by expanding product assortments, promoting products on the channels that perform, and enabling rapid, on-time customer delivery. CommerceHub helped over 11,500 retailers, brands, and distributors achieve an estimated $16 billion in Gross Merchandise Value in 2017.



Vista Equity Partners to Acquire Majority Stake in Integral Ad Science

Integral Ad Science, a global software company that empowers the advertising industry with ad effectiveness solutions, announced that it has entered into a definitive agreement to be majority acquired by Vista Equity Partners. Founded in 2009 and headquartered in New York City with offices in 13 countries, IAS is a global software company that empowers the advertising industry to effectively grow the world’s leading brands. IAS Ad Effectiveness solutions protect brands’ digital investments and ensure ads are impactful across all channels.


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