NAIC President & CEO Robert L. Greene (Bob) hosted an engaging conversation yesterday with Office of the NYS Comptroller’s Thomas P. DiNapoli, the 54th Comptroller of the State of New York. As the sole trustee of the New York Common Retirement Fund, DiNapoli oversees $286 billion in assets serving 1.2 million members, carrying the immense responsibility of managing one of the largest public pension plans in the United States. Under DiNapoli’s stewardship, the New York Common Retirement Fund has achieved strong financial performance, ending the recent fiscal year with an impressive 11.5% positive return. Despite the challenges posed by financial crises and the COVID-19 pandemic, DiNapoli has guided the fund steadily over his 17-year tenure, drawing on lessons learned from past economic downturns. A strong proponent for DEI, DiNapoli has demonstrated his commitment to these principles even amidst recent pushbacks. “It is unfortunate that we’ve come to this point where these acronyms have become rallying cries for a political agenda,” he said during the conversation. Despite this, he continues to push for increased investment with minority- and women-owned firms, which have reached an all-time high of over $31 billion. His approach to corporate governance is firm, with the fund’s Governance team ready to vote against any corporation’s slate of directors that lacks diversity. Finally, DiNapoli encouraged young people to stay positive and believe in their ability to create change through government, politics, and public service. He also highlighted that even if one does not pursue political office, there are impactful ways to contribute, particularly through finance and investing – strategically directing capital, individuals can make a significant difference in local communities and beyond. DiNapoli pointed to Vista Equity Partners founder, chairman, and CEO Robert F. Smith, who has used his influence and resources to give back, as a powerful example to emulate. Watch the recording: https://lnkd.in/d_Tx9vQ9
National Association of Investment Companies (NAIC)
Financial Services
Washington, DC 9,433 followers
The largest network of diverse- and women-owned alternative investment firms
About us
The National Association of Investment Companies was founded in 1971. Comprised of 185 member firms representing over $380 billion in assets under management, it is the largest network of diverse-owned alternative investment firms in the United States. For the past five decades, the NAIC has served as a trade association representing the interests of its member firms by assisting in the syndication of deals, publishing compelling research, and introducing institutional investors to opportunities to invest with managers that possess significant talent and the capacity to produce extraordinary returns.
- Website
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http://www.naicpe.com
External link for National Association of Investment Companies (NAIC)
- Industry
- Financial Services
- Company size
- 2-10 employees
- Headquarters
- Washington, DC
- Type
- Nonprofit
- Founded
- 1971
- Specialties
- Private Equity, Hedge Funds, Alternative Investments, Real Estate, and Venture Capital
Locations
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Primary
1300 Pennsylvania Avenue
Suite 700
Washington, DC 20004, US
Employees at National Association of Investment Companies (NAIC)
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Qui Vuong
Empowermentalist, Collaborator, Investor, Advisor, Incubator, Fiduciary, Activist, Advocate, Volunteer, Hub
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Harland Abraham
Board Member. C-Suite Professional. Business Development and Client Relationship Executive.
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Kristen Perlman
Director of Marketing & Communications | Brand Builder | Data-Driven Growth Marketer | Strategic Communications | Collaborative Leader | Financial…
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Marissa Mahoney
Director of Partnerships and Alliances at the National Association of Investment Companies
Updates
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In our latest NAIC Market Update video, Patrick Quay, EY Americas Strategy and Transactions Private Equity Leader, shares insights from EY’s Private Equity Pulse Q2 survey. EY’s Private Equity Pulse is a quarterly report providing data and insights on private equity market activity and trends. Quay highlights a positive outlook for the transactions market, citing 44 significant deals exceeding $100 million each, with an impressive total deal value of $84 billion for the quarter. He also notes a surge in take-private transactions, reaching 13—the highest since Q2 2007. However, exit activity remains challenging, showing a 16% decline quarter-over-quarter. Watch our Market Update video: https://lnkd.in/dqbNxrA4 #PrivateEquity #MarketTrends #alternativeinvestments
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NAIC is happy to welcome Mirabilis Partners into our network. Doing business as Mirabilis Homes, the firm is a diverse-owned residential real estate company focused on attainable single-family housing in Texas. For aspiring homebuyers, Mirabilis works to simplify the journey to homeownership, while for renters, the company aims to provide high-quality, hassle-free, accessible housing. The company provides flexible capital solutions for experienced local operators building inclusive residential communities. Led by Managing Partner Patricio Zambrano, Mirabilis offers innovative financial products, tools, and resources to help individuals achieve their specific housing goals while maintaining financial flexibility. Mirabilis’ hyperfocus in a single-asset class and market provides it with unique access and know-how, while its flexible investment approach allows the firm to capitalize on changing market dynamics. #realestate #diverseleadership #alternativeinvestements
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Recent deals announced by NAIC member firms and their portfolio companies: - Valor Equity Partners Announces Closing of Oversubscribed Flagship Growth Fund VI [https://lnkd.in/gAeW5Rem] - GenNx360 Capital Partners Announces the Sale of its GenServe Portfolio Company [https://lnkd.in/ezABYuGJ] - Vista Equity Partners Acquires JAGGAER [https://lnkd.in/gPsgXzXi] - HarbourView Equity Partners Acquires Select Noel Zancanella’s Music Royalties and Publishing Assets [https://lnkd.in/eeFATnQG] - Clearlake Capital Group-Backed PrimeSource Building Products Acquires Cobra Anchors [https://lnkd.in/gtG8biNM] - OceanSound Partners Portfolio Company Merges with Engineering and Infrastructure Services Provider [https://lnkd.in/g2UJ3bu9] - Nasuni Announces Majority Investment Led by Vista Equity Partners [https://lnkd.in/gEgExRcD] - Stellex Capital Management to Acquire Foundry and Forge Platform from Arcosa Inc. [https://lnkd.in/epEiqr2r] - GenNx360 Capital Partners-backed Whitsons Culinary Group Acquires Arbor Management [https://lnkd.in/exwtKRyh] - AVANT BIO Announces Participation in PL Bioscience’s €7.8 million Series A Financing Round [https://lnkd.in/e5x4pxDT] - One Rock Capital Partners, LLC-Backed EnviroServe Acquires Environmental Projects, Inc. [https://lnkd.in/eta_-GNS] - TRIDENT Announces Portfolio Company Refinancing with Stonehenge Capital https://lnkd.in/eD6djM5T
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NAIC Member Firms can register now to attend a webinar featuring leaders from the EY Nottingham Spirk Innovation Hub, who will describe the unique and broad capabilities available in the Hub for PE and VC firms- from patent commercialization to value chain cost optimization. Designed to work collaboratively with firms and their portfolio companies, the Innovation Hub team has a track record of delivering exponential value and billions of dollars in revenue creation. Register: https://lnkd.in/dnf6cP_q #privateequity #venturecapital
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Registration is open for next week's Industry Insights live webcast where NAIC President & CEO Robert L. Greene (Bob) will lead a discussion with Office of the NYS Comptroller Thomas P. DiNapoli, the 54th Comptroller of the State of New York. Under DiNapoli’s leadership, amid volatile markets, the $259.9 billion New York State Common Retirement Fund achieved a 9.5% return in Fiscal Year 2022, maintaining a 102.9% funded ratio—one of the highest in the nation. He has also significantly increased investments with diverse- and women-owned firms, reaching over $31 billion. In addition to overseeing the New York State Common Retirement Fund and administering the state’s retirement system, DiNapoli provides independent fiscal oversight on State, New York City, and local finances, technical assistance, and training to local government officials and school districts. He also reviews state contracts and payments, maintains the state’s accounting system, and administers its payroll. Register: https://lnkd.in/e33dnRpr #capitalallocators #alternativeinvesting #diverseinvestments
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NAIC is excited to welcome DIGITAL into our network. DIGITAL is a new venture firm founded by Mark Daniel, an early Thiel Fellow, with the goal of using a cultural lens to partner with the next generation of iconic companies regardless of their stage, sector, or geography. The firm stays very close to a few emerging technologies - AI, XR, Robotics, Crypto/Blockchain, and Accelerated Computing - while maintaining a generalist and opportunistic approach. #venturecapital #diverseleadership #alternativeinvestements
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NAIC is excited to welcome Indago Capital into our network. Indago Capital is an investment firm focused on creating bespoke opportunities within the asset-based finance space. The firm aims to deliver differentiated and strong risk-adjusted returns for its clients and provide creative financing solutions to its counterparties. The investment universe consists of assets in both private and public markets across the Mortgage Finance, Consumer Finance, Business Finance, and Specialty Finance Sectors. Indago was founded by Akhil Mago, the former Global Head of Structured Products at Och-Ziff Capital Management. Mago played a pivotal role in the growth and success of Och-Ziff’s asset-based investing business starting in 2008, eventually leading the business until 2022. Mago’s team managed a multi-billion-dollar portfolio, generating strong profitability across multiple market cycles. The Indago team includes investment professionals who worked together at Och-Ziff, ensuring continuity and stability in the investment process. Indago anticipates a first close by the end of 2024 and a final close in Q4 2025.
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What an incredible summer it has been for the Paradigm Changers Internship Program! This year, we made significant strides in empowering and equipping the next generation of women in alternative investments. Program Highlights: 🚀 First-Ever In-Person Kickoff & Training: We launched the summer with an inspiring in-person kickoff in Washington, DC, setting the stage for a transformative experience. 🖥️ NAIC-Hosted Webinars: Throughout the program, interns had the opportunity to engage in a series of insightful webinars, including: - Real Talk for Real Women: Discussed mental health, imposter syndrome, and personal branding—critical conversations for thriving in the industry. - Asset Class Deep Dive: Explored various asset classes and what it takes to succeed in each, providing interns with a comprehensive understanding of the landscape. - Leadership Development 101: Equipped our interns with essential tools to become effective leaders in their future careers. 🤝 In-Person Networking Mixer: Our interns had the invaluable chance to connect with mid-career and senior women in the industry, building relationships that will support their career growth. This summer, we proudly placed 15 dynamic women across 13 firms. These placements are more than just internships; they are stepping stones toward fulfilling careers in alternative investments. We want to thank American Investment Council (AIC) Anchorage Capital Advisors, L.P., Avance International Capital, Avante Capital Partners, Brasa Capital Management, Corsair, GCM Grosvenor, Hamilton Lane, L'ATTITUDE VENTURES, Leeds Illuminate, Lightspring Capital Partners, Neuberger Berman, and PAI Partners for their generous support and pivotal role in making this program a success. Congratulations to our interns on completing this transformative journey. Your dedication, passion, and growth have been truly inspiring. We look forward to watching you continue to break barriers and lead with excellence. #WomenInFinance #LeadershipDevelopment #Mentorship #DiversityInFinance #AlternativeInvestments
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NAIC thanks Fiduciary Trust International for co-hosting our eighth Institutional Investor Roadshow of 2024. In the Roadshow, NAIC facilitated high-level one-on-one meetings between 27 NAIC member firms and decision-makers at Fiduciary Trust International, a wealth management firm focused on building and managing personalized portfolios and developing estate plans. NAIC would like to thank Kate Huntington and Talice Sagerer for their hard work and for making the event a success. Our Roadshows provide an invaluable opportunity for NAIC member firms to introduce themselves, share their investment strategies, and engage with leading LPs. More information about how NAIC connects diverse-owned asset managers with capital allocators: https://lnkd.in/eNFh489M
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