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

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


NAIC E-News

Finding the Opportunities

To the many young professionals entering the industry this time of year, Ellen-Blair Chube, Managing Director and Client Service Officer for William Blair & Co., recommends looking for the gaps in the organization – ways to improve how the organization is run or where there isn't sufficient activity. Chube created William Blair's client service platform from scratch because there was a great opportunity to better engage their client base.





NAIC E-News

NAIC Team Expands! David Smith Joins as Programs and Initiatives Manager

To support the growing number of new initiatives and programs brought about by a substantial increase in membership, NAIC is proud to announce today that we are expanding our team with the addition of David Smith, who joins the association as Programs and Initiatives Manager effective August 26th. Smith most recently served as Senior Regional Organizer for the National Community Reinvestment Coalition (NCRC), a group that works to bring investment to underserved communities. In that role, he engaged with community development nonprofit organizations to support and grow the coalition’s membership base. Prior to the NCRC, Smith was Chief of Staff for the U.S. Black Chambers Inc. where he was directly involved in all operations of the organization including; accounting, fund-raising, membership engagement, communications, human resources and more.





NAIC E-News

Member Focus: Dynamk Capital’s Niche Play in Biopharmaceuticals

Dynamk Capital, a venture and growth equity fund based in New York City that focuses on opportunities in biotech and life sciences, is carving out its own space in the biopharmaceuticals industry. In this NAIC report, we chronicle the history of the firm, provide insight into its investment strategy and how leadership looks to generate returns by funding innovation on the leading edge of stem cell research and regenerative medicine.





NAIC E-News

Please join NAIC, along with major capital allocators, high-performing investment managers, and other extraordinary dealmakers for the 2019 National Association of Investment Companies’ Annual Private Equity and Hedge Fund Conference in Los Angeles. The largest gathering of diverse private equity and hedge fund managers will be held October 23-24, 2019 at UCLA's Luskin Conference Center. It provides an unparalleled opportunity to network with pension plan CIOs, trustees and other industry insiders. Our panel discussions offer unique insights and perspectives presented in an engaging manner that is not to be missed. Among this year’s confirmed participants are:

  • Mark Doherty, Director of Investments, The San Francisco Foundation
  • Andrea Auerbach, Head of Global Private Investments, Cambridge Associates
  • Hershel Harper, Chief Investment Officer, UAW Retiree Medical Benefits Trust
  • Hank Kim, Executive Director, National Conference on Public Employee Retirement Systems

ONLY A FEW ROOMS REMAINING! Act now to reserve a room at the conveniently located UCLA Luskin Conference Center hotel (starting rate: $379.00 per night). To reserve, call or email Melanie Perry at 310-794-1601 or [email protected]. In order to secure the group rate, reservations must be made by September 23, 2019.





NAIC E-News

NAIC’s Robert L. Greene Featured in P&I Online Report

NAIC’s President and CEO Robert L. Greene is one of the industry insiders providing thoughts on race and institutional investors in reaction to a recent report that states black investment managers face bias even when their performance exceeds that of non-diverse competitors. In Pensions & Investments' online article, “It's racial bias, not merely an issue of access,” Greene states, “Unless institutional investors are intentional about identifying top-performing (diverse) managers and getting them into searches, they oftentimes don't come out with a diverse manager."




MEMBERS NEWS


NexPhase Capital to Sell Inside Real Estate

NexPhase Capital announced the sale of InsideRE Holdings, LLC, a leading provider of cloud-based real estate software, to Lovell Minnick Partners. Terms of the transaction were not disclosed. Inside Real Estate is one of the fastest-growing independently-owned real estate software companies and a technology partner to over 200,000 agents, teams and top brokerages. Since partnering with InsideRE in 2016, NexPhase has worked with the company to bolster its position in the residential real estate software sector and grow its platform. The company’s flagship platform, kvCORE, is a comprehensive solution known for delivering profitable growth at every level of a brokerage organization.



Grain Management to Acquire Summit Broadband

Grain Management announced that it has entered into a definitive agreement to acquire a majority interest in Summit Vista, Inc. (dba Summit Broadband) from Cable Bahamas Ltd. Summit Broadband is a leading fiber-optics telecommunications provider in Central and Southwest Florida. The company provides voice, video, data and high-speed internet services to residential and commercial customers, as well as Ethernet and dark-fiber transport to enterprise and carrier customers. Summit Broadband owns and operates its own fiber-optic networks, with a reach of more than 1,800 fiber route miles, serving multiple industries and communities throughout its territory.



Mill Point Capital Affiliate Acquires Power Transformer Business

Mill Point Capital announced that one of its affiliates acquired the power transformer divisions of Pioneer Power Solutions, Inc. in a corporate carve-out transaction. Based in Granby Quebec since 1965, Pioneer Transformers is a leading engineer and manufacturer of a broad range of specialty liquid-filled and dry-type power transformers for niche applications in industrial, OEM and commercial and backup power markets. The company has an operational history of over one-hundred years and services a diverse group of utility, commercial power, industrial manufacturing and engineering and procurement and construction customers.



Siris Capital Affiliates to Acquire TPx Communications

Siris Capital Group announced that affiliates have entered into a definitive agreement to acquire U.S. TelePacific Holdings Corp. dba TPx Communications, the premier managed services provider, from investors including affiliates of Investcorp and Clarity Partners. Terms of the transaction were not disclosed. TPx provides a product line that includes unified communications, contact center, managed security, managed WAN, other managed IT services and network connectivity solutions. Serving approximately 30,000 business, government and not-for-profit customers with more than 50,000 locations across the U.S., TPx designs and delivers the comprehensive, performance-guaranteed solutions that enable customers to effectively grow and manage their enterprises.



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