The National Association of Investment Companies
Celebrating 52+ years of advocating for diverse investment managers
Who We Are
NAIC is the largest industry association for diverse-owned alternative investment firms.
What We Do
Through education, advocacy and industry events, NAIC is focused on increasing the flow of capital to high-performing diverse investment managers often underutilized by institutional investors.
Who We Represent
Our members represent a broad spectrum of backgrounds and investment strategies.
Our Member Firms
Broad Spectrum of Diversity
79
Black-Owned Firms
33
Latinx-Owned Firms
37
Asian-American-Owned Firms
39
Female-Owned Firms
Broad Spectrum of Investment Strategies
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Venture Capital39 Firms -
Growth25 Firms -
Buyout46 Firms -
Private Credit9 Firms -
Real Estate13 Firms -
Hedge Funds8 Firms -
Funds of Funds9 Firms
Results That Matter
For more than 52 years, NAIC has contributed to the success of its member firms by advocating on their behalf for increased capital investment.
Our biennial report shows that emerging and diverse managers consistently achieve similar rates of returns to so-called mainstream funds, and in many cases outperform larger and better-known firms.
Our History
Legendary businessman Reginald F. Lewis served as the association’s General Counsel. His law firm specialized in venture capital transactions for small and medium-sized businesses.
The American Association of MESBICs lobbied successfully for legislation that would allow diverse firms to repurchase SBA’s preferred stock while raising funds that were not SBA regulated. Funds began approaching pension funds and other institutional investors to raise larger pools of capital.
In 1994, NAIC Board Members and industry executives spawned the formation of a diverse-owned fund of funds, Fairview Capital, which was a pioneer and industry leader for investment in diverse asset managers.
