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NAIC 2015 Annual Highlights

Nearly 300 investment managers, chief investment officers, limited partners, and policymakers gathered on October 5-6 to attend the National Association of Investment Company's 45th Anniversary Meeting & Convention at Bank of America One Bryant Park in New York City. Highlights of the premier thought leadership event in alternative asset investing included an exciting welcome reception where the NAIC honored industry leaders, insightful panel discussions, networking opportunities and a gala awards dinner.

2015 Highlight Video
The event kicked off with an exciting welcome reception at the beautiful Pan Asiatic-themed TAO Downtown where the NAIC bestowed the Rising Star Award (which recognizes outstanding young professionals in the financial industry) to Stephen Cammock, Associate at GCM Grosvenor Associates; Tiana Williams, Associate at GCM Grosvenor Associates; and Tanya Barnes, Managing Director at Goldman Sachs. Attendees networked while enjoying cocktails, hors d’oeuvres and dinner.

At the welcome reception, Congresswoman Yvette D. Clarke (D-NY) delivered opening remarks that highlighted the significance of the NAIC and the inclusion efforts of New York City Comptroller Scott M. Stringer that led to the appointment of Carra Wallace as the first-ever Chief Diversity Officer. Comptroller Stringer was later presented with the Pacesetter Award, which recognizes individuals or entities that embody vision, excellence, passion, and extraordinary entrepreneurial achievement.

Rev. Al Sharpton took the podium to speak of the significance of diversity and the struggle for equal opportunity for financial services firms.

The following day's discussions kicked off with a CIO Panel moderated by Robert L. Greene, CEO of the NAIC. On stage were Jerry Albright, Deputy CIO, Teachers Retirement System of Texas; Sharmila C. Kassam, Deputy CIO, Employees Retirement System of Texas; Ted Eliopoulous, CIO, CalPERS; Ronald D. Schmitz, CIO, Virginia Retirement system. Among other things, the panelists discussed the challenges of meeting investment objectives, identifying quality talent and the due diligence process when selecting investment managers.

In Making the Case for Diverse Asset Managers, Robert Raben, President & Founder, The Raben Group; John W. Rogers, Chairman, CEO & CIO, Ariel Investments; Quintin E. Primo III, Chairman & CEO, Capri Capital Partners, LLC; and Simon Greer, Founder, Cambridge Health Ventures provided an in-depth conversation focusing on the initiative to increase business opportunities for both diverse asset managers and institutional investors. Moderated by Ellen-Blair Chube, Vice President, Chief of Staff to the Chairman, Ariel Investments, the discussion focused on public, corporate, faith and labor union pension funds as well as foundation and university endowments.

Oversubscribed Funds Sponsorship Opportunity detailed fundraising strategies - one of the most critical aspects of an investment management team's responsibilities. David Perez, President and Chief Operating Officer, Palladium Equity Partners; Frank Baker, Managing Partner, Siris Capital Group; Derek K. Jones, Managing Director, GCM Grosvenor; and Sanjiv K. Shah, Managing Director, BAML Capital Access Funds, highlighted the challenges and successful strategies for raising funds, as well as how to best grow a fund in today's environment. Moderator Alex Done, Head of Private Equity, Bureau of Asset Management, New York City Office of the Comptroller, guided the conversation that also shed light on important lessons learned, and how to put together a plan for graduating your firm to the next stage.
The event concluded with the NAIC 45th Annual Awards Reception & Gala. Held at the Museum of Modern Art, the event celebrated the accomplishments of Laurence C. Morse, Ph.D. Co-Founder and Managing Partner of Fairview Capital Partners; J. Peter Thompson, Managing Partner of Opportunity Capital Partners; Denise L. Nappier, Treasurer of the State of Connecticut; and Daniel D. Villanueva, Advisory Partner, Rustic Canyon / Fontis Partners, LP with the Hall of Fame Award. This is bestowed upon an honored few whose outstanding achievements and contributions to the industry have inspired others to follow in their footsteps.

Finally, the Deal of the Year Award honored those teams who completed a deal best representing the tremendous insight, extraordinary talent, and investment opportunities resident within the U.S. Emerging Domestic Market. They were: CSW Private Equity for the sale of portfolio company Sqwincher Holdings, LLC; Sycamore Partners for the recapitalization of Talbots, Inc.; Clearlake Capital Partners for the sale of its majority stake in PrimeSport Holdings, Inc.; and RLJ Equity Partners for the acquisition of Fleischmann's Vinegar.
2015 Photo Gallery