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The Largest Network of Diverse-Owned Private Equity Firms and Hedge Funds |
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NAIC Perspectives: Staying off the SEC's Radar ScreenIn recent years, the SEC has increased its regulation of private equity firms and their practices. In this installment of Perspectives, NAIC's online video series, Gregory M. Weston, Partner at international law firm Winston & Strawn LLP, shares his thoughts regarding critical areas that fall in the SECs crosshairs reporting, transparency, conflicts of interest and what private equity firms should be aware of from a compliance standpoint. |
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Investment Consulting Firms: A Long Journey Toward InclusionTo say getting through the gate-keepers for institutional investors is challenging is often a colossal understatement regardless of how well a diverse fund manager's performance may be. However, there are positive signs that some consultancies are starting to understand that performance knows no color and their clients are missing out by overlooking diverse-owned firms. In this special report, NAIC takes a look at this trend and what needs to occur to ensure the trend becomes a sustained movement. |
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Ariel Investments Names Mellody Hobson Co-CEOAriel Investments, LLC Founder, Chairman and CEO John W. Rogers, Jr. announced that current President Mellody Hobson has been elevated to the position of Co-CEO. Hobson served as Ariel's President for more than 19 years. She has also served in the boardrooms of some of the largest publicly traded companies around the world. She is the Vice Chairman of Starbucks Corporation, a director at JPMorgan Chase and Quibi, a short-form video content company. She was a longtime board member of The Estée Lauder Companies Inc. and also served as the Chairman of the Board of DreamWorks Animation. |
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Join us in Welcoming our Newest NAIC Members: Cabrera Capital and B.I.G. Capital!The NAIC proudly announces that Cabrera Capital Markets and B.I.G. Capital LLC have joined the association, growing our network to 70 member firms. Founded in 2001, Cabrera Capital Markets (http://www.cabreracapital.com) provides investment banking and full-service institutional brokerage services. Its areas of business are public finance; municipal bond sales and trading; debt and equity capital markets; domestic equity sales, trading and execution; international equity sales, trading and execution; preferred stock sales and trading; taxable fixed income sales and trading; directed brokerage; and global investment banking. B.I.G. Capital LLC (http://bigcapllc.com/) is a private investment firm focused on acquiring companies in the software and technology-enabled sectors. The firm has a long-term investment strategy and seeks to use its resources, experience, and expertise to promote positive and sustainable growth in its portfolio companies. |
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Nominate Your Firms Rising Stars Now!Now is the time to showcase the young talent in your firm and give them an opportunity to grow their network! The NAIC is accepting nominations for its Rising Star Award, which recognizes outstanding young professionals in the financial industry. NAIC also invites young professionals employed within financial services to apply for a scholarship to the NAIC Annual Private Equity and Hedge Fund Conference in Los Angeles. Completed nomination forms for the Rising Star Award, which will be presented at the conference, can be sent to [email protected]. |
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APPLY NOW! Young Professionals Invited to Apply for NAIC Conference ScholarshipsNAIC 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. The NAIC conference scholarship provides free registration to the conference for those employed in the financial services industry for no more than seven years. The application process includes a 250-word essay on one of three subjects listed on the application form. Applications must be received by July 31, 2019. Accepted applicants will be notified on August 15, 2019. |
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Career Opportunities Showcased on NAIC WebsiteAs 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. |
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Clearlake Capital Closes Clearlake Opportunities Partners II at $1.4 BillionClearlake Capital Group, L.P. announced that it completed fundraising for Clearlake Opportunities Partners II with $1.4 billion in commitments. COP II was oversubscribed, reaching its hard cap. With this latest fund, Clearlakes total assets under management are over $10 billion. The Fund includes a significant commitment from its general partner and will make non-control investments in middle market companies across Clearlakes target sectors of software and technology-enabled services; industrials and energy; and consumer. COP II has already begun investing, with the recently announced investment in Appriss Holdings, Inc. |
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Mill Point Capital Acquires Digital Business Solutions ProviderAnexinet, a leading provider of digital business solutions, announced that it has been acquired by Mill Point Capital. Anexinet is a leading technology consultancy and reseller, helping clients provide a Complete Digital Experience for employees, customers, and end users through transformative digital applications and platforms. For 20 years, Anexinet has delivered intelligent insights, customer engagement and enterprise modernization solutions that drive impactful business outcomes. |
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ICV Partners Exceeds Fund IV Target With Final Close of $585 MillionICV Partners announced that it has successfully completed the final closing for ICV Partners IV, L.P. (Fund IV) with $585 million of committed capital. ICV currently manages $1.3 billion of AUM. ICVs Fund IV meaningfully exceeded the firms target and represents an approximately 50% increase in capital commitments compared to Fund III. Investors include a diverse group of leading endowments, foundations, state pension plans, family offices, gatekeepers, insurance companies and fund of funds. |
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One Rock Capital Partners to Acquire Control Solutions BusinessOne Rock Capital Partners, LLC announced that one of its affiliates has entered into a definitive agreement to acquire the Engineered Components & Systems segment (excluding Cortland U.S.) from Actuant Corp. The transaction is expected to close during the fourth quarter of 2019. Headquartered in Menomonee Falls, Wisconsin, Engineered Components & Systems is a global company serving the agriculture, specialty and commercial vehicle, construction and other industrial end-markets with motion, actuation and control solutions. EC&S primarily serves on and off-highway OEMs with highly engineered system-critical motion, actuation and control solutions. The company has 13 manufacturing facilities and six engineering centers, with approximately 190 engineers in multiple geographies. |
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