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A deep look at NAIC’s member firms provides compelling evidence for investing with diverse managers. IntelligentNAIC aggregates member firm information to deliver proprietary diverse-manager research.
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Institutional Investor Roadshows bring NAIC members and capital allocators together to share insights and market intelligence.
On January 26, 2023, NAIC held its first NAIC Institutional Investor Roadshow of the year hosted by the Investment Office of New York University (“NYU”). The roadshow was NAIC’s first with the endowment plan.
On December 15, 2022, NAIC held its tenth and final NAIC Institutional Investor Roadshow of the year hosted by the Institutional Limited Partners Association (ILPA). ILPA members participated in the event: Investure, Los Angeles County Employees Retirement Association (LACERA), Maryland State Retirement System, UAW Retiree Medical Benefits Trust, University of Michigan, and Williams College. The roadshow was NAIC’s first with Investure, University of Michigan, and Williams College and the fourth NAIC Institutional Investor Roadshow hosted by ILPA.
On August 11, 2022, NAIC held its eighth NAIC Institutional Investor Roadshow of the year hosted by Rockefeller Capital Management (RCM). NAIC facilitated 57 high-level one-on-one meetings between 53 leaders from NAIC member firms and 14 asset class leaders from Rockefeller Capital and Church Pension Group.
On July 27, 2022, NAIC held its seventh Institutional Investor Roadshow of the year hosted by the Institutional Limited Partners Association (ILPA), a global organization dedicated exclusively to advancing the interests of limited partners and their beneficiaries through best-in-class education, research, advocacy, and events. ILPA represents over 500 limited partner member institutions representing more than $2 trillion of private equity assets under management (AUM). Seven ILPA member institutions and capital allocators participated in the event: AARP, AC Ventures, Manulife Investment Management, Mass Mutual, MetLife Investment Management, Raytheon Technologies Corporation, and Truist Ventures.
On July 21, 2022, NAIC held its sixth NAIC Institutional Investor Roadshow of the year hosted by BlackRock, an NAIC Corporate Partner. The event was the second NAIC Roadshow hosted by BlackRock. Eleven members of the BlackRock investment team from across BlackRock Private Equity Partners, BlackRock Private Credit, and BlackRock Alternative Advisors joined the event to meet with 34 NAIC member firms.
On May 26, 2022, the National Association of Investment Companies (NAIC) held its fifth Institutional Investor Roadshow of the year, which was hosted by the Los Angeles County Employees Retirement Association (LACERA). LACERA is the largest county retirement system in the United States with $75.2 billion in net assets, as of March 31, 2022. The event was NAIC’s second Institutional Investor Roadshow with LACERA.
On April 19, 2022, the National Association of Investment Companies (NAIC) held its fourth Institutional Investor Roadshow of the year, which was hosted by California State Teachers’ Retirement System (CalSTRS). CalSTRS invited three of its fund of funds partners to participate in the general session and host one-on-one meetings: HarbourVest Partners, Invesco Private Capital, and Muller & Monroe Asset Management. CalSTRS is the largest educator-only pension fund in the world with assets totaling approximately $323.6 billion as of March 31, 2022.
On March 31, 2022, the National Association of Investment Companies (NAIC) held its third Institutional Investor Roadshow of the year, which was hosted by Mercer. Mercer invited four clients to join its team for the event: Blue Cross Blue Shield of Louisiana (BCBSLA), Mercy Investment Services, Uplifting Capital, and Yale New Haven Health. Mercer is the largest investment consultant and delegated services (OCIO) provider, with over $15 trillion in assets under advisement and over $380 billion in assets under management (as of 3/31/2021). The event was Mercer’s fourth roadshow with NAIC and NAIC’s initial engagement with three of the participating allocators Blue Cross Blue Shield of Louisiana (BCBSLA), Mercy Investment Services, and Uplifting Capital.
On February 23, 2022, the National Association of Investment Companies held its second Institutional Investor Roadshow of the year hosted by the Office of the New York City Comptroller Brad Lander. The Comptroller’s Bureau of Asset Management oversees the investment portfolio of the New York City Retirement Systems, which is comprised of five pension systems. The Systems, as of December 2021, had approximately $274.7 billion in assets under management, making it the fourth largest public pension plan in the U.S. The five pension funds comprising the Systems are the New York City Employees’ Retirement System (NYCERS), the Teachers’ Retirement System of the City of New York (TRS), the New York City Police Pension Fund (POLICE), the New York City Fire Pension Fund (Fire), and the New York City Board of Education Retirement System (BERS).
On December 1, 2021, NAIC held its eleventh and final NAIC Institutional Investor Roadshow of the year, which was hosted by the Institutional Limited Partners Association (ILPA), a global organization dedicated exclusively to advancing the interests of limited partners and their beneficiaries through best-in-class education, research, advocacy, and events. ILPA represents over 500 limited partner member institutions representing more than $2 trillion of private equity assets under management (AUM).
On September 9, 2021, NAIC held its ninth Institutional Investor Roadshow of the year. The event was the third roadshow with Mercer which hosted roadshows with NAIC members in September 2020 and March 2021. Mercer invited 16 clients and active alternatives investors to join its team for the event, surpassing its prior record levels of allocators and combined assets under management and advisement.
On August 6, 2021, NAIC held its eighth NAIC Institutional Investor Roadshow of the year hosted by the BlackRock, which has established a partnership with NAIC.
Twenty-seven (27) members of the Blackrock investment team from across BlackRock Private Equity Partners, BlackRock Private Credit, and BlackRock Alternative Advisors joined the event to meet with twenty-five (25) NAIC member firms.
On July 15, 2021, NAIC held its sixth NAIC Institutional Investor Roadshow of the year hosted by the Massachusetts Pension Reserves Investment Management Board (“Mass PRIM” or “PRIM”), which has over $93 billion in assets under management (AUM).
Twenty-three NAIC member firms were invited to attend and participate in an interactive discussion and private virtual meetings with senior members of the plan’s investment staff.
The event was NAIC’s second roadshow with Mass PRIM, as NAIC and its members met with PRIM in Boston in July 2016.
On June 3, 2021, NAIC held its fifth NAIC Institutional Investor Roadshow of the year hosted by the Employees’ Retirement System of the State of Hawaii (“Hawaii ERS” or “HIERS”). Twenty-nine NAIC member firms were invited to attend and participate in an interactive discussion and private meetings with senior members of the plan’s investment staff. The roadshow was NAIC’s initial engagement with Hawaii ERS.
On May 11th, the State Universities Retirement System of Illinois (SURS) hosted our fourth Institutional Investor Roadshow of 2021! The Roadshow also featured Fairview Capital Partners and Aksia, who assist SURS as LP Consultants.
The Roadshow connected 21 NAIC member firms with leadership at SURS, Aksia and Fairview in private one-on-one virtual meetings. Member firms shared investment strategies, fund performance and capabilities and networked with the capital allocators’ leadership, learning portfolio needs and investment objectives.
On April 21, 2021, NAIC held its third Institutional Investor roadshow of the year, which was hosted by Georgetown University and included two other Washington D.C. area-based allocators, Howard Hughes Medical Institute and the Smithsonian Institution.
Thirty NAIC member firms attended and participated in a general session and private meetings with senior members of each allocator’s investment staff.
On March 31st, NAIC held the second Institutional Investor Roadshow of the month hosted by Wellesley College. Twelve NAIC member firms were invited to attend and participate in an interactive discussion and private meetings with senior members of the endowment’s investment staff.
NAIC held the first Institutional Investor Roadshow of the year on March 9, 2021. The virtual event was the second in a series of roadshows with Mercer, who in September 2020 hosted, NAIC’s largest roadshow to date, in terms of both the represented assets under management and advisement by Mercer and its invited guests and the number of NAIC participants. Mercer, once again, did not disappoint, drawing another large audience for the March 9th event.
On Thursday, December 10, 2020, NAIC held its sixth and final Institutional Investor Roadshow of the year hosted by the University of Pennsylvania (Penn). Nineteen NAIC member firms were invited to join the leadership and investment team of the University of Pennsylvania endowment for the general roadshow session and private, one-on-one meetings, according to the allocator’s investment criteria.
On Wednesday, November 11, 2020, NAIC held its fifth Institutional Investor Roadshow of the year hosted by Global Endowment Management (GEM). GEM is a full-service outsourced investment office with $11 billion in assets under management, which provides access to investment managers worldwide within portfolios designed to enable its clients to fulfill their missions. GEM’s client investors include national and international charitable foundations, universities and secondary schools, research institutions and nonpartisan policy organizations. Eighteen NAIC members were invited to join GEM for the roadshow session and private, one-on-one meetings, according to GEM’s investment criteria.
On September 24th, NAIC held its fourth Institutional Investor Roadshow of the year. The virtual event was one of NAIC’s largest roadshows to date. Mercer hosted the roadshow, and eight clients and active alternatives investors participated, including: Bon Secours Mercy Health, New York State Common Retirement Fund, Pittsburgh Foundation, Providence, Salvation Army, Southern Company, Trinity Health and Yale New Haven Health. Mercer’s capital allocator guests represented over $270 billion in assets under management.
On August 11th, NAIC held its third Institutional Investor Roadshow of the year. The virtual event was one of NAIC’s largest roadshows to date. Hall Capital hosted the event and invited eight active alternatives investors to participate: Cambridge Associates, CommonSpirit Health, David and Lucile Packard Foundation, Illumen Capital, James Irvine Foundation, Smithsonian Institution, University of Rochester, and William and Flora Hewlett Foundation. Together, the nine capital allocators represent over $115 billion in assets under management, and another $400+ billion in assets under advisement by Cambridge Associates.
On July 15th, NAIC held its first NAIC Institutional Virtual Roadshow of the year, with three institutional investors based in Tulsa, OK. The host for the event was friend to NAIC, Jay Calhoun, Managing Partner of Apis Holdings, a strategic advisory and private investment firm. Calhoun invited the investment teams and leadership of three local institutional investors, which included the George Kaiser Family Foundation, the Charles and Lynn Schusterman Family Foundation, and AMTRA Capital Partners, to participate in the session.
On February 5th, NAIC made its first stop of the year in Boston, MA to visit the Harvard Management Company (HMC). HCM manages Harvard University’s $40.9 billion endowment and related financial assets. The mission is to produce long-term investment results to support the educational and research goals of the university. It operates as a subsidiary of Harvard University Endowment. The assets are managed by the executive management team.
On December 5th, NAIC made its final stop of the year in Hartford, CT to visit the Connecticut Retirement Plans and Trust Funds (CRPTF). The CRPTF $35.8 billion plan provides retirement pension and related benefits to the eligible members and public employees. It consists of six State Pension Funds and nine State Trust Funds. The assets are managed by the executive management team.
On September 25, NAIC made its fourth stop of the year in Trenton, NJ to visit the New Jersey Division of Investment. The $75.10 billion pension fund supports the retirement plans of active and retired employees in seven public pension systems, namely the Consolidated Police & Firemen’s Pension Fund, the Judicial Retirement System, the Police & Firemen’s Retirement System, the Prison Officers Pension Fund, the Public Employees’ Retirement System, the State Police Retirement System and the Teachers’ Pension & Annuity Fund.
On May 23, NAIC made its third stop of the year in New York, NY for the New York Roadshow. Participating plans included:
On April 17th, NAIC made its second stop of the year to Tallahassee, FL to visit the Florida State Board of Administration (FSBA). FSBA invests and safeguards assets of the Florida Retirement System Trust Fund and other funds for the state of Florida and local governments. The $205.5 billion fund is also responsible for managing the FRS Investment Plan (a defined contribution plan), the Lawton Chiles Endowment Fund, the Local Government Surplus Funds Trust Fund (currently known as Florida PRIME), the Florida Hurricane Catastrophe Fund and smaller funds.
On March 28, NAIC made its first stop of the year to Olympia, WA to visit the Washington State Investment Board. The $141.79 billion plan manages investments for 17 retirement plans for public employees, teachers, school employees, law enforcement officers, firefighters, and judges. This also includes the Deferred Compensation Program to supplement other retirement benefits. In addition, the firm also manages investments for public and private funds that benefit industrial insurance, colleges, and universities, developmental disabilities, and wildlife protection.
On November 16, NAIC made its final stop of the year to Austin, TX for the Texas Roadshow. Participating plans included:
On October 4, NAIC hosted a Roadshow in Tigard, OR to visit the Oregon State Treasury. The Oregon Public Employees Retirement System is an $85.14 billion pension fund that provides retirement and pension benefits to the eligible members. The Oregon PERS Fund (OPERF) is managed by the Oregon State Treasury under the direction of the Oregon Investment Council The assets of the pension fund are managed by a Board of Trustees.
On May 21st, NAIC made its second Institutional Investor Roadshow stop of the year in Washington D.C. Six institutional investors and one non-NAIC member consulting firm participated in the event, along with 23 NAIC members.
The capital allocator and consultant representatives included:
The NAIC Institutional Investor Roadshow made its first stop of the year in Detroit where 16 NAIC members met with six institutional investors and one consulting firm. The afternoon meeting was hosted by the UAW Retiree Medical Benefits Trust and was attended by:
NAIC made its third Road Show stop this year to connect with Pittsburgh’s institutional investors – mainly endowments, foundations and family offices. The lunch meeting took place at The Duquesne Club and was co-hosted by the Carnegie Mellon University (CMU) endowment. The meeting was initiated by Carnegie Mellon Investment Committee member and alumnus Larry Jennings.
There were 13 participating representatives from nine capital allocators, including:
The final National Association of Investment Companies Road Show for 2016 visited Sacramento where 11 members participated in two meetings hosted by CalPERS and CalSTRS, the two largest public pension plans in the U.S.
As NAIC has had a meaningful level of interaction with both CalPERS and CalSTRS over the years. We prioritized using the time with each plan to provide an update and allow each member the opportunity to share more information about their firm and fundraising activities. The meetings were very well attended by the senior investment staff of each hosting public plan. During the sessions, NAIC members received an update on the plans that CalSTRS and CalPERS have for their Emerging manager programs and described their firm, strategy, and current offering.
The National Association of Investment Companies (NAIC) Road Show stopped in Maryland where 14 members met with six institutional investors and one advisory firm. Among the institutions represented were: Maryland State Retirement and Pension System, Pavilion Alternatives Group, Brown Advisory, American Trading and Production Corporation, Baltimore City Fire & Police, District of Columbia Retirement Board and the Annie E. Casey Foundation.
The NAIC Road Show stopped in Boston July 12-13th where the NAIC and 13 members participated in a series of meetings with local institutional investors and advisors. NEPC, The Meketa Group, Cambridge Associates, and the Massachusetts Pension Reserves Investment Management Board (PRIM) were represented and each institutional investor shared information about their program while getting to know NAIC and its participating members better. The meetings marked the first time NAIC has devoted a substantial portion of a roadshow with several influential investment consultants.
The NAIC and several members held a series of meetings on April 11 and 12 with institutional investors in the Los Angeles area — the Los Angeles County Employees Retirement System (LACERS), Los Angeles Fire and Police Pensions (LAFPP), and Los Angeles County Employees Retirement Association (LACERA). The meetings provided an excellent opportunity for each institutional investor to share information about their program, network and get to know NAIC and its participating members.
The NAIC Capital Allocators Roadshows kicked off for 2016, beginning February 4th and 5th in the Chicago area. Over the two days, NAIC members met with Chicago Teachers Pension Fund (CTPF), Exelon, Illinois Municipal Retirement Fund (IMRF), Illinois State Board of Investment (ISBI), Illinois State Universities Retirement System (SURS), and Muller & Monroe. The meetings provided an opportunity for each institutional investor to share information about their program while getting to know NAIC members and other participating LPs better.
Tallahassee: April 10, 2014 – On April 10th, NAIC traveled to Tallahassee, FL to visit the Florida State Board of Administration (FSBA). FSBA invests and safeguards assets of the Florida Retirement System Trust Fund and other funds for the state of Florida and local governments. The $205.5 billion fund is also responsible for managing the FRS Investment Plan (a defined contribution plan), the Lawton Chiles Endowment Fund, the Local Government Surplus Funds Trust Fund (currently known as Florida PRIME), the Florida Hurricane Catastrophe Fund and smaller funds.
On February 19, NAIC traveled to Richmond, VA for a Roadshow with Altius Associates and the Maryland State Retirement and Pension System. Altius Associates is a global investment advisory firm and separate accounts manager. The Maryland State Retirement and Pension System is a 54.13 billion cost-sharing multi-employer defined benefit public pension fund that is focused to administer the survivor, death, disability and retirement benefits of the system’s participants.