NAIC Perspectives

Making the Case for Diversity

Perspectives is a video web series hosted by the National Association of Investment Companies that provides a look into the world of diverse investment managers and the industries in which they do business. Important industry news, the latest trends, and groundbreaking transactions are discussed by the industry professionals and influential deal-makers who make them happen.  Select a topic below to view videos related to that topic.

A Look Into Diverse-Owned Firms

Champions for Diversity

DAMI and the Argument for Inclusion

Diverse Managers and Their Strategies

Making the Case for Diversity

New Perspectives

Performance in the Marketplace

Women in Private Equity

Diverse Teams, Better Performance
Alisa Amarosa Wood
Several studies have proven that firms with diverse teams outperform benchmarks at a greater rate than other firms. Alisa Amarosa Wood, Member, Client and Partner Group, Kohlberg Kravis Roberts & Co. L.P., points out that more diverse decisions lead to better discussions and better results which can drive value to a firm’s constituents.
Valuable Mentorship
Howard Sanders
Howard Sanders, Founder and Managing Director of Auldbrass Partners, shares how institutional and entrepreneurial mentorship helped his team more effectively communicate both internally and with investors. He also cites how his firm, a spinout of Citigroup, received support from executives at the financial giant.
The Business Case for Inclusion
Maha Eltobgy
Creating policies that embrace diversity isn’t just a moral imperative, but also sound business practice. Maha Eltobgy, Head of Investors Industries, Member of the Executive Committee, World Economic Forum LLC, says those involved in seeing greater diversity in the private equity industry needs to press the business case for inclusion.
The Value of Diverse Managers
R. David Kelly
R. David Kelly, Chairman of the Teacher Retirement System of Texas (TRS), reveals how his team helped increase the size of the retirement plan and the role diverse managers played in growing assets by achieving superior returns. TRS manages a $132 billion fund and provides retirement and related benefits for those employed by public schools, colleges, and universities.
The Challenges of Raising Capital
David Perez
Despite delivering superb performance many diverse firms continue to struggle with raising capital. David Perez, President & Chief Operating Officer of Palladium Equity Partners, talks about the role emerging manager programs can play in helping these firms grow assets so that assets reflect performance. Palladium Equity Partners is focused on making investments in lower-middle market companies with a special focus on partnering with founders and family-owned businesses.
A Collage of Mentors
Frank Baker
Frank Baker, Co-Founder & Managing Partner of Siris Capital Group talks about the value of mentorship and the individuals who have positively influenced him on his professional journey. With an M.B.A. from Harvard Business School, Baker started his career in the Mergers and Acquisitions group of Goldman Sachs.
The Value of Mentorship
José Feliciano
José Feliciano, Managing Partner & Founder of Clearlake Capital Group, admits that he knew nothing about investment banking early in his educational career. Here, he discusses his entry into the industry, why he is involved with mentoring organizations and his efforts to educate young diverse people on the financial services industry.
NAIC a ‘Terrific’ Partner
Ted Eliopoulos
Ted Eliopoulos, Chief Investment Officer of CalPERS, extols the benefits of working with the National Association of Investment Companies on various initiatives over the years, which includes an advisory role on the agency’s Transition Emerging Manager Program.
It Takes a Village
David Grain
Mentorship was an important component of David Grain’s success and something he passes along to those professionals he meets. Mr. Grain, Founder and Managing Partner of Grain Management LLC, also shares his appreciation for reading biographies of successful people and how he benefited from learning from their accomplishments.
Casting a Wider Net
Verdun S. Perry
Verdun S. Perry, Senior Managing Director, Blackstone, says several things can be done to increase diversity within the private equity industry. First, he notes that recruiters can look beyond the typical universities for talent. He also says established, successful diverse professionals in the industry can also help educate and expose young people to the industry.
The Benefits of Gender Diversity
Kelly M. Williams
Kelly M. Williams, Senior Advisor, GCM Grosvenor, says the industry only gets better when there are more women involved. She also points to the various studies independently concluding that firms with more diverse decision-making teams tend to outperform others. Additionally, asset allocators are as likely as not to have a female on their team and having a potential connection point can be a competitive advantage.
Making NAIC a Household Name in the Financial World
Robert L. Greene
Robert L. Greene, President & CEO of the National Association of Investment Companies (NAIC), discusses his vision for the organization, how its member firms have grown over the years and the plan to build a bigger community of influencers around diverse managers so their value is respected and appreciated.