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The Largest Network of Diverse-Owned Private Equity Firms and Hedge Funds |
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The Influencers of the Role ModelJohn W. Rogers, Jr., Chairman, Co-CEO & Chief Investment Officer of Ariel Investments, has been a longtime role model for his business success, philanthropy, advocacy for diversity, and public service. In this installment of Perspectives, NAIC's online video series, we ask Rogers who his role models were. From his mother the first African American woman to graduate from the University of Chicago Law School and others he met early in his career, Rogers shares his memories of those who helped shape his professional and personal triumphs. |
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LP MEETUP: A NEW FEATURE FOR NAIC MEMBERS! Get One-on-One Access to Capital Allocators at Conference! REGISTER BY 9/16 TO PARTICIPATE!An exciting new feature of the NAIC Annual Private Equity and Hedge Fund Conference (October 23-24 at UCLA's Luskin Conference Center) will be the LP Meetup. This new experience for NAIC members only who are in attendance and who have registered by September 16th will have the opportunity to spend 15 minutes of individualized time with capital allocators in a private setting. Share your fund updates, investment strategies, learn the portfolio needs of these top allocators, and build bridges with decision-makers at major pension plans, endowments & foundations, and investment consulting firms. To participate in the LP Meetup, please send your top five meeting requests to Dawn Simmons ([email protected]), and we will do our best to accommodate as many as of you possible. |
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NAIC Welcomes New Members Apex Capital and Harlem Capital Partners!NAIC proudly announces that our membership continues to grow with the addition of Apex Capital, LLP and Harlem Capital Partners. Based in Los Angeles, Apex is a venture capital and hedge fund advisory that focuses on the entertainment industry. The firm forms partnerships with large, reputable venture capital firms to manage a percentage of the venture capital/alternatives sleeve of the portfolio. Harlem Capital Partners (http://harlem.capital/) is a New York-based early-stage venture capital firm committed to reserving capital for investments in minority and women founders in the United States. Harlem Capital provides seed and Series A financing for qualified businesses with minority or female founders. |
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Commonfund Seeking Diverse Managers for Client RecommendationsCommonfund, an asset management firm founded in 1971 that manages $25.3 billion, announces the launch of a Diverse Manager Database portal designed specifically to receive due diligence materials from women and minority managers investing in equities, fixed income and credit, real estate and hedge funds. The portal will be open for submissions between September 1st and November 1st. The purpose of the portal is to help deepen the content of Commonfunds cross-asset class diverse manager database, with the ultimate objective of increasing potential investment candidates for Commonfund clients. |
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Buyouts Insiders Emerging Manager Report Available for Free DownloadThe Emerging Manager Report, 3rd Edition, published by Buyouts Insider in partnership with Gen II Fund Services, LLC is now available to download for free. The report includes important factors new general partners should consider when launching their funds and key areas of focus for limited partners investing with emerging managers. This year's survey gauged 85 emerging managers and 68 institutional investors' views on topics including fundraising, fund terms and conditions, co-investment opportunities, and due diligence processes. In addition, this year, the survey asked questions regarding GP and LP views on the possibility of a market downturn. Overall, the survey covered more than 60 data points. |
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Vista Equity Partners Closes Fund VII Above Target at $16 BillionVista Equity Partners recently closed its latest technology-focused buyout fund, Vista Equity Partners Fund VII, at its hard cap of $16 billion. This substantially exceeded the fund's target of $12 billion. Vista Equity Partners Fund VII focuses on data, enterprise software companies, and other technology companies throughout North America. Fund VII investors include New York State Common Retirement Fund, Illinois Municipal Retirement Fund, Connecticut Retirement Plans & Trust Funds, and Texas County & District Retirement System. |
Grain Sells U.S. Tower Portfolio to American TowersGrain Management, LLC announced that it has completed the sale of its nationwide portfolio of wireless communications assets to American Tower. Through this transaction, American Tower will acquire approximately 400 towers and other related property interests, comprising one of the largest privately-held wireless portfolios in the U.S. Grain strategically built this portfolio of tower assets in tier-two and tier-three markets now benefitting from increased carrier activity and network densification. |
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Clearlake Capital-Backed Sunbelt Supply Acquires Severe Service SpecialistsSunbelt Supply, a leading provider of specialty flow control solutions, backed by Clearlake Capital Group, L.P., announced it has acquired Severe Service Specialists, a provider of services and valves that are engineered to withstand severe applications. Terms were not disclosed. Based in Trussville, Alabama, and with field sales support throughout the Southeastern U.S., Severe Service Specialists offers specialty flow control solutions for the most demanding industrial applications. Its highly technical sales force supports industries including power generation, refining, and other industrial processes. |
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ON THE MOVE |
Kirkland & Ellis Hires Director of Diversity & InclusionKirkland & Ellis LLP announced that Joi Bourgeois has been hired as Firmwide Director of Diversity & Inclusion (D&I). Ms. Bourgeois has more than 20 years experience leading D&I and talent development efforts, with an emphasis on developing diverse leaders and business development coaching. Ms. Bourgeois was previously Global Head of Diversity & Inclusion at Orrick, Herrington & Sutcliffe LLP. Before that, she was Vice President and Director of Business Development at Greiner Consulting Group. Ms. Bourgeois started her career as a corporate associate at Rogers & Wells (now part of Clifford Chance). She earned a law degree from New York University School of Law. |
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