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The Largest Network of Diverse-Owned Private Equity Firms and Hedge Funds |
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A Common ThreadThe San Francisco Foundation, one of the largest community foundations in the country, supports thousands of nonprofit organizations each year to advance racial and economic equity in the Bay Area. In this installment of Perspectives, NAIC's online video series, Mark Doherty, Director of Investments for the foundation, explains how its philosophy of economic equity carries over into its investment activities where approximately 30% of its assets are deployed with women or people of color. |
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MEMBER FOCUS: Matarin Capital Management: Innovating in a Changing MarketA growing trend among pension plans concerned with risk and management fees is to shift investment strategies towards in-house management and passive index investing. This can have a significant negative impact on assets allocated with diverse-owned investment management firms. That said, diverse firms are thinking around the corner and developing new methodologies to deliver greater value to their institutional investor clients, even in this complex market environment. Matarin Capital Management is getting ahead of the curve by adopting innovative new products designed to address the concerns of pension plans while delivering index-beating performance and maintaining diversity initiatives. Click below to learn how they did it. |
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NAIC Welcomes New Member BKCoin Capital!NAIC proudly announces the addition of BKCoin Capital LP (https://bkcoincapital.com), a digital assets hedge fund based in New York City, to the NAIC membership. The team behind BKCoin Capital has over 45 years of wide-ranging experience on Wall Street including managing and trading over $40 billion multi-asset portfolios at large institutions such as JPMorgan, Evercore ISI, and AllianceBernstein. BKCoin Capital is offering investors a vehicle to capitalize on market conditions while aiding in the establishment of cryptocurrency as a new asset class. |
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AICPA Issues Guidance For PE Fund AccountingAll accounting standards require investments to be listed at fair value, which represents the estimated worth of various assets and liabilities that must be listed on a company's books. But for the most part, accounting standards were not written with private equity in mind. For this reason, NAIC partner ICSGroup takes a look at the American Institute of CPAs guide on how to fair value portfolio company investments, which should prove particularly helpful to private equity advisors. |
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PROFILE: The Evolution of Women in FinanceIn this profile, Rita Spitz, CFA, Partner, Global Research Analyst, William Blair Investment Management, shares the secrets of her success, what it takes to advance as a woman in finance while providing insight into how the industry has evolved over her 30-plus-year career. |
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NexPhase Capital Announces Investment in SurgentNexPhase Capital, LP announced its investment in Surgent, a leading provider of end-to-end professional education from pre-licensure to continuing education for accounting, finance and healthcare professionals. Terms of the transaction were not disclosed. Founded in 1985, Surgent provides continuing professional education and exam preparation courses to the accounting, finance and healthcare sectors. Surgent's services help exam takers become credentialed and satisfy required credit hours and remain informed on the latest trends in their industries thereafter. |
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DXA Investments Acquires Stake in Brazilian Cybersecurity FirmDXA Investments recently acquired a minority stake in Sikur, a Sao Paulo-based cybersecurity company whose encryption software secures communication over computer and mobile networks. Founded in 2011, Sikur sells encrypted Sony Corp. smartphones, secure digital-banking apps as well as encryption apps for chatting, document sharing, phone and video calls that run on top of major mobile operating systems. Sikur plans to use DXAs investment to develop new products and to expand its marketing efforts as it shifts to focus on sales. Financial terms of the transaction were not disclosed. |
Vista Equity Partners Announces Asia ExpansionVista Equity Partners announced the opening of Vista Consulting Groups Singapore office. Vista Consulting Group is the affiliated consulting arm of Vista Equity Partners. The new office will serve as the Asia headquarters for VCG, expanding Vistas presence and providing additional operational support for Vista companies in the region and their almost 14,000 employees. Currently, more than 20 Vista portfolio companies have offices in the region, with 13 in Singapore. As part of the announcement, Vista portfolio company Apptio, a provider of software that fuels digital transformation, named Singapore as its Asia headquarters as it focuses on driving sales and other opportunities throughout the region. Another Vista portfolio company, RDC, announced earlier this year that it also was naming Singapore its Asia headquarters. |
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Harlem Capital Partners Closes Oversubscribed Venture Fund I, LPHarlem Capital Partners (HCP) announced that it has officially closed Harlem Capital Partners Venture Fund I, LP at $40.3 million. Launched in June 2018 with a target of raising $25 million, the fund's first close of $1.9 million occurred in November 2018, and it was oversubscribed a year later. The fund was supported by 55 LPs, including 6 institutions, 14 Family Offices and 15 GPs of other funds. |
ICV Partners Announces Significant Investment In JK&T WingsICV Partners, LLC announced that it has made a significant investment in JK&T Wings, a leading franchisee of Buffalo Wild Wings, in partnership with management. JK&T owns 42 Buffalo Wild Wings restaurants located primarily in Michigan, with additional locations in Massachusetts and Louisiana. Buffalo Wild Wings, founded in 1982, is the largest sports bar brand in the United States. Globally, Buffalo Wild Wings has more than 1,200 restaurants in 10 countries. |
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Mill Point Capital Portfolio Company Acquires Transformers ManufacturerPioneer Transformers L.P., a portfolio company of Mill Point Capital, announced that it has acquired Power Partners, LLC, a leading designer and manufacturer of high-quality pole-mount and pad-mount power transformers. Power Partners manufactures a range of high-quality custom, semi-custom and standard transformer products for investor-owned utility, public power, industrial and commercial OEMs and international customers. The company is headquartered in Athens, GA, and was founded in 1958. |
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