National Association of Investment Companies (NAIC)’s Post

NAIC Member Firms are cordially invited to attend an exclusive cocktail reception hosted by U.S. Bank and The New York Times to celebrate the launch of the first of two "zines," inspired by the 100th anniversary of the Harlem Renaissance. Member registration: https://lnkd.in/eyGdAvy6

Impact investing, which gained significant momentum in recent years with investors seeking to align financial goals with their values, has faced pushback recently. Laura Skiles, Senior VP and Director of Impact for Community Finance Solutions for U.S. Bank, shares her thoughts with NAIC on impact investing and what U.S. Bancorp Impact Finance looks for when partnering with PE funds. #diverseleadership #impactinvesting #privateequity

Recent deals announced by NAIC Member firms and their portfolio companies: ➡️ GenNx360 Capital Partners announced that portfolio company GenServe acquired Electro-Motion, Inc. GenServe is a leading independent provider of scheduled and emergency power generator maintenance, repair, and sales services. Electro-Motion provides maintenance and repair services for generators and backup power solutions and generator and related equipment sales and rentals. ➡️ Caymus Equity Partners LLC announced the sale of TriplePoint MEP to Stellex Capital Management. TriplePoint is a leading non-union provider of HVACR installations, maintenance, repair, design, and consulting services to commercial clients across a ten-plus state footprint in the Midwest & Southeast regions. ➡️ Avance Investment Management announced a strategic investment in Tracxtion Commerce Group, one of North America’s fastest-growing independent agency networks. ➡️ Development Partners International (DPI) announced the sale of IFS International Facilities Services. IFS is a leading African integrated facilities management business that supports blue-chip customers operating in remote sites. ➡️ New Majority Capital announced the first close of NMC Fund I. New Majority Capital was joined by the Skoll Foundation, among other investors, who have contributed to NMC Fund I’s first close. Over the last 12 months, NMC has closed on 12 acquisitions as an independent sponsor or deal advisor. ➡️ Wind Point Partners-Backed Pavion., a leading integrated fire, safety, security, and critical communications solutions provider, has acquired Signet. Established in 1974, Signet is an ISO 9001 and ISO 27001-certified mission-critical technology systems integrator supporting the complex and evolving needs of health care, transportation, enterprise and government customers with communications, audiovisual, security, and connectivity solutions. ➡️ Knox Lane portfolio company, Guardian Fire Protection Services, LLC, a leading fire and life safety service provider, announced that it acquired Harris Fire Protection. Harris Fire Protection is a leading fire protection company specializing in special hazard fire suppression systems for commercial and marine industry customers. ➡️ Hamilton Lane announced the final closing of Hamilton Lane Secondary Fund VI with $5.6 billion in commitments, marking the largest fund-raise in the firm’s history. Fund VI materially exceeded its original $5 billion target. ➡️ J. Skinner Baking, a premier manufacturer of artisan baked goods, announced that it was acquired by Stellex Capital Management. J. Skinner provides ready-to-eat baked goods through grocery in-store bakeries, food service providers, and co-pack partnerships.

Our 3rd Annual Midsummer VIP Reception is sold out! We're looking forward to bringing together more than 325 attendees next week in New York City- including leading capital allocators, diverse-owned alternative investment firms, and professional services firms that support the industry. It will be a memorable night of networking and relationship building! #diverseleadership #institutionalinvestors #assetmanagement #privateequity #venturecapital #privatecredit #realestate #hedgefunds

NAIC invites all of our past and present MBA Fellows to join us for an exclusive private reception as a prelude to our Midsummer VIP Reception. This reunion is an exciting opportunity to reconnect with fellow alumni, meet the current cohort, and engage in enriching conversations in an intimate setting. We sincerely hope to see all current and former fellows for a memorable evening celebrating the bonds and achievements of our fellowship community. 🗓️ Date: July 10 ⏰ Time: 5:00PM 📍 Location: Gotham Hall, NY For more information or to register, contact Jaye Washington at mbafellowships@naicpe.com

NAIC is excited to announce a strategic partnership with Vertus, a seasoned performance-based management consulting firm specializing in procurement and optimization reviews. Through this collaboration, Vertus will engage with NAIC member firms and their portfolio companies to offer reviews that reveal customized insights and solutions designed to enhance operational efficiency and drive growth. These enhancements can be in shipping, financial services, utilities, employee benefits, and more. For more information about the partnership or to schedule a review with Vertus please contact Harland Abraham, Vice President of Development.

NAIC would like to thank our Premier Sponsor Akin Gump Strauss Hauer & Feld LLP for hosting an informative webinar for our members that detailed the policy and business impacts of the upcoming 2024 U.S. Elections. Led by Virgil Miller, Senior Policy Advisor, and Reggie Babin, Senior Counsel, the webinar covered the likelihood of potential 2024 election outcomes and how each of those outcomes could affect policies in energy, tax, technology, healthcare, and the alternative investments industry. We thank both speakers for sharing their extensive knowledge and thank Akin for their continued support of NAIC and our members. This webinar recording will be available for all member firms in the NAIC Member Portal. #2024Elections #alternativeinvestments

NexPhase Capital, LP, a New York City-based private equity firm, has been successfully managing $2.6 billion in assets under management, attracting institutional investors with its strong performance. The firm focuses on lower-middle market companies in the healthcare, software, and consumer sectors. “We spend a lot of time thinking about key macro themes and trends within each of our three verticals to identify which subsectors are the most attractive,” explained Ted Yun, Managing Partner. “We’re also growth-oriented investors. We’re looking to buy companies that we believe have tailwinds behind them and then invest in these businesses to help them turbocharge their growth with our operating playbooks.” NexPhase has 17 companies in its portfolio with two investments recently sold. The firm's thematic investing approach and operating playbook can be seen in its most recent sale. Learn more: https://lnkd.in/dY9UEGxV #privateequity #diverseleadership #alternativeinvesting

Registration closes Friday, June 28th, for 3rd Annual Midsummer VIP Reception! Join us for an evening that brings together the best and brightest minds in alternative asset management. This prestigious event, hosted at Gotham Hall in NYC, will gather dozens of leading institutional investors, top diverse-owned alternative investment managers, and best-in-class professional services firms. Don’t miss this unique opportunity to engage in meaningful conversations and build valuable relationships. The event is nearly sold out. Register today to secure your spot: https://lnkd.in/g_-qfyKH #DiverseManagers #alternativeinvesting #InstitutionalInvestors

NAIC would like to congratulate O'Kelly E. McWilliams III for being named Diversity Partner at Holland & Knight LLP! We applaud the ongoing DEI efforts of the firm and thank O'Kelly for his continued leadership and support of NAIC initiatives.