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The Largest Network of Diverse-Owned Private Equity Firms and Hedge Funds |
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Register Now! Establishing the Next Generation of Private Equity Firms SymposiumNAIC is excited to announce the launch of "Establishing the Next Generation of Private Equity Firms Symposia", with the generous support of the U.S. Minority Business Development Agency. These sessions will provide participants with a 360-degree view of what is required to start a new private equity firm and the process of raising capital. Having received perspectives from industry leading experts and private equity executives who have successfully raised funds and capital allocators, those in attendance will walk away from this experience with an in-depth understanding of the steps, processes, and considerations critical to launching a new firm and what it takes to successfully fundraise. NAIC has leveraged its broad network to convene some of the top stakeholders from the industry to deliver key insights. |
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Nominate Your Firms Rising Stars Now!Now is the time to showcase the young talent in your firm! The NAIC is accepting nominations for its Rising Star Award, which recognizes outstanding young professionals in the financial services industry. The award will be presented during the NAIC Annual Private Equity and Hedge Fund Conference October 23-24 at UCLA's Luskin Conference Center. |
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NAIC Perspectives: Risk ManagementIn this installment of Perspectives, NAICs online video series, Nili Gilbert, Co-Founder and Portfolio Manager of Matarin Capital Management, shares her insight into why she and her partners took the risk of leaving large firms to launch their own. She also explains the benefits of Matarins boutique structure and shares her thoughts behind building a firm with a purpose that reflects the values of its founders. |
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Brazil-Based DXA Investments Joins NAIC!NAICs international membership continues to grow! We are pleased to announce that DXA Investments (https://www.dxainvestments.com/) has joined the trade association. DXA is an independent asset management firm focused on investments in Brazil and South America that currently manages approximately $200 million and employs a team of 17 professionals. Based in Rio de Janeiro, the firm is raising its second private equity fund (DXA Excelsior II Fund), which is focused on high-growth companies and aims for a 3-4X multiple over an 8-year investment horizon (3-year investments, 5-year divestment). DXA was founded in 2012 with the purpose of finding "under the radar" unique and high-return opportunities for its investors. |
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SAVE THE DATE: The NAIC Annual Conference Heads to the West Coast!Please mark your calendar for October 23-24, 2019 as the National Association of Investment Companies Annual Private Equity and Hedge Fund Conference returns to the West Coast! Join the largest gathering of diverse investment managers at UCLA's Luskin Conference Center for an unparalleled opportunity to network with top-performing dealmakers as well as capital allocators representing over $1.5 trillion in assets to invest. Our panel discussions serve as a platform to share insights and connect with fellow investment professionals while gaining greater knowledge of the industries in which we do business. Stay tuned for details! |
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Career Opportunities Showcased on NAIC WebsiteAs part of our ongoing mission to bring greater diversity to financial services, the NAIC website lists exciting career opportunities at some of the most respected firms within the private equity and hedge fund industries. Click below to view the latest industry job openings. |
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HarbourVest Partners Expands Senior TeamHarbourVest Partners announced its 2019 promotions. They include five new Managing Directors: Rich Campbell, Minjun Chung, Edward Holdsworth, Craig MacDonald, and Laura Thaxter. Also promoted were eight new Principals: Abuzar Anaswala, Emily Archer, Matt Cheng, Gonçalo Ferreira, Dominic Goh, Jackie Peradotto, Eric Simas, and Martin Yung. Three Senior Vice Presidents were also promoted: Aliza Firestone-Goren, Jason Frigiani, and Dave Rule. These promotions recognize team members whose expertise contributes to the success of HarbourVest and its clients across the Americas, Europe, and Asia Pacific. |
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Siris Capital Closes $3.45B Oversubscribed Technology Buyout FundSiris Capital Group announced the closing of Siris Partners IV, L.P. with $3.45 billion of capital commitments. Through Fund IV, Siris intends to continue its established strategy of control investing, targeting mature mission critical companies that are navigating technology transitions. Fund IV exceeded its target amount of $3.0 billion. It nearly doubles the $1.8 billion in capital commitments of the prior fund raised in 2015 and is more than five times the $640 million in capital commitments of its initial institutional fund raised in 2012. Fund IV attracted a diverse group of investors that includes sovereign wealth funds, public pension funds, multinational corporations, insurance companies, fund-of-funds, endowments, foundations and family offices, both in the United States and overseas. |
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Clearlake Capital-Backed Symplr to Acquire API HealthcareClearlake Capital announced that Symplr, a leading healthcare governance, risk and compliance software-as-a-service platform, backed by Clearlake has signed a definitive agreement to acquire API Healthcare, a leading provider of healthcare human capital management (HCM) software solutions, from Veritas Capital. Financial terms were not disclosed. API is a leading provider of healthcare HCM software solutions, automating workforce management to improve financial, clinical and operational outcomes. Based in Hartford, Wisconsin, API offers time and attendance, staffing and scheduling, patient classification, HR, payroll and analytics software to over 375 hospitals and health systems. |
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One Rock Capital Affiliate to Combine with Foam Products ProducerOne Rock Capital Partners announced that FXI and Innocor, two of the leading producers of polyurethane foam products, today announced the signing of a definitive merger agreement that will establish one of the most comprehensive and innovative companies in the industry. The combined company will offer a complete array of solutions and serve customers across a broad range of end markets including bedding, furniture, transportation, medical, filtration, acoustics, and industrial. Financial terms of the transaction were not disclosed. Affiliates of One Rock, FXIs controlling shareholder, and Bain Capital Private Equity, Innocors majority owner, will continue to own the combined company. |
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