You may unsubscribe if you no longer wish to receive our emails.

The latest news and updates from NAIC, the largest network of diverse-owned private equity firms and hedge funds.

The Largest Network of Diverse-Owned Private Equity Firms and Hedge Funds

NAIC Perspectives: Avinash Amin Talks Healthcare and the Transition from Medical Practice to Asset Management

Despite spending years training to become a medical doctor, the true passion for Avinash Amin, MD, has always been investing. As Co-Founder and Managing Partner of Madryn Asset Management, he leverages his background in science and medicine to help guide his firm's investments in innovative healthcare companies. In this installment of Perspectives, NAIC's online video series, Dr. Amin shares his thoughts on his professional transition, the state of the healthcare sector and where he sees the greatest upside potential.

►	VIEW VIDEO

NAIC Holds First Roadshow with Washington State Investment Board

The NAIC held its first Institutional Investor Roadshow with Washington State Investment Board (WSIB) on March 26, 2019 in Olympia, WA. With $128.2 billion in AUM, WSIB manages investments for 17 retirement plans for public employees, teachers, school employees, law enforcement officers, firefighters, and judges. This also includes the Deferred Compensation Program to supplement other retirement benefits. In addition, they also manage investments for 17 other public funds that support or benefit industrial insurance, colleges and universities, and developmental disability programs. These forums give potential investors an opportunity to connect with NAIC members and provide a platform to discuss manager performance, investment strategies, and relevant emerging manager programs.

NAIC Invites Young Professionals to Apply for NAIC Conference Scholarship

NAIC invites young professionals employed within financial services to apply for a scholarship to the NAICs Annual Private Equity and Hedge Fund Conference in Los Angeles. This is an unparalleled opportunity to network with seasoned executives and learn about current industry trends and best practices. Candidates must be employed in the financial services industry for no more than seven years and compose a 250-word essay on one of three subject areas in order to be considered.

Applications must be submitted by June 28, 2019. Accepted applicants will be notified on July 19, 2019 and will receive a complimentary registration to the conference (excluding travel and lodging).

►	MORE INFORMATION

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.

►	DOWNLOAD NOMINATION FORM

TRS Expands Diversity Recruiting via Howard University Partnership

Teacher Retirement System of Texas (TRS) announced that it formed a partnership with Howard University School of Business in an effort to broaden recruiting efforts for the Systems Investment Management Division. Howard, a private research university that is comprised of 13 schools and colleges, is known for producing more on-campus African American doctorate recipients than any other university. TRS is Howards first public pension fund partner and will be granted access to the universitys resources via a corporate alliance effort called the 21st Century Advantage Program. Previously, Howards School of Business which regularly ranks among the best U.S. finance schools has formed successful collaborations with various private corporate partners such as JPMorganChase, KPMG, and other financial services firms. TRS will be assigned a dedicated group of Howard students to work with and will receive access to the Business School career services internal mobile app where TRS job openings and activity notifications will be directly shared with students and faculty.

Kresge Foundation Pledges to Invest 25% of U.S. Assets in Diverse-Owned Firms by 2025

The Kresge Foundation announced that by 2025, 25% of its U.S. assets under management will be invested in female and diverse-owned firms. As a testament to this commitment, Kresge is the first private foundation signatory to ABFEs Diversity in Foundation Asset Management Pledge, a challenge to encourage philanthropic and institutional endowments to take concrete steps to expand gender and racial diversity among their asset managers. Kresge is seeking to align its internal hiring and investment practices with its institutional values by advancing opportunity structures that dismantle the persistent and pervasive racial, economic and political barriers that impede pathways to opportunity. This will occur by championing opportunities for U.S. investment firms that have been underrepresented within the foundations endowment, mainly those led by women and people of color.

►

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!

Career Opportunities Showcased on NAIC Website

As 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.

►	VIEW CAREERS

ON THE MOVE

Clearlake Capital Names New Partners and Managing Directors

Clearlake Capital Group, L.P. named five Clearlake veterans as Partners and/or Managing Directors, several other promotions within the firm, and new senior-level additions to the team. The Clearlake team members promoted to Partner and/or Managing Director include Fred Ebrahemi, Partner, Managing Director, General Counsel, and Chief Compliance Officer; Dan Groen, Managing Director; James Pade, Partner and Managing Director; Arta Tabaee, Managing Director; Pedro Urrutia, Partner, Managing Director, and Chief Financial Officer. Clearlake also announced that Vikram Abraham and Brad Kottman have been promoted to Senior Associate. Finally, Tony La Rosa, Managing Director, O.P.S.; Shalini Bala Subramaniam, Managing Director; and Martin Arzac, Managing Director, will be joining the Clearlake team in their respective positions.

MEMBERS IN THE NEWS

Muller & Monroes André Rice to Receive Coveted Award at NASP Conference

André Rice, President of Muller & Monroe Asset Management, LLC will be honored with the 30th Anniversary Maynard Holbrook Jackson, Jr. Award at the upcoming National Association of Securities Professionals (NASP) Annual Pension & Financial Services Conference. The Maynard Holbrook Jackson, Jr. Award (formerly the Entrepreneur of the Year Award) was established by NASP to honor the financial service professional that best exemplifies entrepreneurial achievement, community service, and high moral standards.

Siris Capital Group Announces Strategic Minority Investments by Wafra and Landmark Partners

Siris Capital Group, LLC announced that affiliates of Wafra Inc. and Landmark Partners, LLC have made strategic minority investments in Siris. The transactions follow the recent closing of Siris latest buyout fund at $3.45 billion. Pursuant to the transactions, the investors will acquire passive, non-voting minority stakes and will provide capital to support Siris strategic initiatives, including the repurchase of an existing minority participation stake that was issued at the firms inception. The investments will have no impact on the day-to-day management or operations of Siris. The terms of the transactions were not disclosed.

►

Mill Point Capital Acquires Kemp Technologies

Kemp Technologies, a leading provider of load balancer and application delivery controller (ADC) solutions and services, announced has been acquired by Mill Point Capital. Kemp is a leader in powering always-on application experience (AX) for enterprises and service providers via its next-generation load balancer and ADC technology solutions. Kemp counts more than 25,000 customers and 60,000 application deployments in 115 countries. Terms of the agreement were not disclosed.

►

NexPhase Announces Sale of CPS Group Holdings, Inc.

NexPhase Capital, LP announced the successful sale of CPS Group Holdings, Inc. to Frazier Healthcare Partners. Founded nearly 50 years ago and employing over 2,500 clinical, regulatory and operational pharmacy professionals, CPS is one of the nations largest providers of pharmacy solutions to more than 700 hospitals and health system facilities across the United States and Puerto Rico. CPS helps hospital pharmacists with such issues as medication reconciliation, hyper-inflated drug costs, standardization, centralized distribution, regulatory and compliance, and 340B programs leading to increased quality, reduced admissions and lower costs.

►

One Rock Capital Partners Completes Acquisition of Nexeo Plastics

One Rock Capital Partners, LLC announced that one of its affiliates has successfully completed the previously announced acquisition of Nexeo Plastics, the plastics distribution business of Nexeo Solutions, Inc., a subsidiary of Univar Inc. Nexeo Plastics is a global leader in the distribution of plastics, including polymer products and prime engineering resins. Through its vast distribution network, Nexeo Plastics connects world-class suppliers with customers across a broad cross-section of end markets in more than 60 countries in North America, Europe, and Asia.

►

Visit our website for industry news and events from our partners.