National Association of Investment Companies and Aon PLC formed a partnership to provide consulting services to diverse-owned private equity firms.

NAIC, a professional association of diverse-owned private equity and venture capital firms as well as hedge funds, announced the partnership in a news release Monday.

Member firms will have access to Aon’s services across commercial risk, reinsurance, health, retirement, and data and analytics, confirmed an NAIC spokesman.

“We are excited to work closely with Aon to expand access to industry-leading M&A insurance and capital management products and advisory services,” said Robert L. Greene, NAIC president and CEO, in the news release. “Aon’s unique insights and services will undoubtedly lead to even greater value and lower transaction risk for our member firms and their portfolio companies.”

NAIC consists of more than 80 firms collectively managing more than $150 billion in assets for institutional investors.