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The Largest Network of Diverse-Owned Private Equity Firms and Hedge Funds |
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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 us at UCLA's Luskin Conference Center to learn about the latest market trends while interacting with leading diverse fund managers, chief investment officers and other key stakeholders. This is a great opportunity to network with capital allocators representing over $1.5 trillion in assets to invest. Stay tuned for more details! |
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NAIC Perspectives: Greater Diversity Equals Better OutcomesIncreasing diversity in financial services will inevitably lead to industry growth and ultimately better solutions for clients, according to Jon W. Zindel, Chief Financial Officer for William Blair & Co. In this installment of Perspectives, NAICs online video series, Zindel shares his firms take on the value of diversity and inclusion and explains how the premier firms of the future will be those with a diverse talent pool. |
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Personal Securities Trade Reporting for Private Equity Firms: A Round Peg in A Square HoleIn this installment of Compliance Corner, NAIC partner ICSGroup takes a look at Rule 204A-1, which requires each advisers Access Person to report their securities holdings when they become access persons and at least once a year thereafter. ICSGroup looks at the challenges and answers key questions for private equity firms looking to maintain compliance with the rule while dealing with non-public securities. |
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Got News? Let Us Know!Whether your firm has closed on a big deal, a new fund or brought in a new executive, the NAIC wants to know! Please share the important happenings at your firm with us for inclusion in our e-newsletters and let your colleagues around the industry know of your successes. Please send news releases to Alan Hughes: [email protected] |
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Chicago Teachers' Commits $10M to Africa-focused DPIThe board of Chicago Public School Teachers' Pension & Retirement Fund (CTPF) approved committing $10 million to DPI Funds, managed by London-based Development Partners International (DPI). As of Oct. 31, the pension fund's actual allocation to private equity was 3.1%; the target is 5%. DPI was established in 2007 with a vision to build a leading pan-African private equity firm. Through its team with over 100 years of aggregate African investment experience, DPI has invested in 19 portfolio companies operating across 27 countries. The investment team is 100% African and over 40% of the DPI team is made up of women. |
CalPERS Commits $500M to Fund of Funds Managed by GCM GrosvenorCalifornia Public Employees Retirement System (CalPERS) has committed $500 million to an emerging manager fund of funds run by GCM Grosvenor as part of efforts to increase its private markets emerging manager program. The emerging manager funds of funds are part of CalPERSs $28 billion traditional private equity program, which mostly consists of CalPERS investments as a limited partner with other institutional investors in funds run by general partners. |
NYSCRF Commits $500M to Vista Equity PartnersThe New York State Common Retirement Fund (NYSCRF) committed $500 million to Vista Equity Partners. The transaction is representative of an ongoing relationship between the two investors, with the NYSCRF having committed over $2 billion across seven funds. Vista Equity Partners Perennial is a private equity vehicle that targets mid- to large-capitalization enterprise software businesses in North America. |
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ICV Partners Announces Two Key AppointmentsICV Partners announced the promotion of John Wallace to Managing Director and the appointment of Everett Hill as Managing Director. Prior to joining ICV, Mr. Wallace was an independent consultant with Chastain Advisors, a firm he founded. Prior to Chastain, Mr. Wallace was a business leader for Georgia-Pacific Corporation in the North American and European Consumer Products businesses. Mr. Wallace has a B.A. degree from Princeton University and received his MBA from Harvard Business School. Mr. Hill will be located in ICVs Atlanta office and has been a part of the ICV Executive Operating Network for over seven years. He has over 35 years of experience in consulting, sales and operations, with leadership roles at Hostess Brands, Coca-Cola Enterprises and DuPont. He received his B.S.E. degree in Engineering from Princeton University and his MBA from Harvard Business School. |
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Clearlake Capital-Backed Firm to Acquire Rogue Wave SoftwarePerforce Software, a global provider of enterprise-grade DevOps-focused software solutions, backed by Clearlake Capital Group, L.P., announced it has reached a definitive agreement to acquire Rogue Wave Software, a leading independent provider of cross-platform software developer tools and embedded components. Rogue Wave provides market-leading solutions that help enterprises optimize software development and build, connect, and secure applications while reducing risk. The company is a leading provider for enterprise organizations and has relationships with more than 5,600 customers across industries including financial services, technology, healthcare, government, entertainment, and manufacturing. Rogue Wave is based in Louisville, Colorado and has 16 offices throughout the world. |
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