NAIC Perspectives

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

Working with Diverse Managers
Ted Eliopoulos
Ted Eliopoulos, Chief Investment Officer of CalPERS, discusses the agency’s experience with its decades-long commitment to diverse managers, CalPERS’ usage of the diverse manager pool for acquiring top talent as well as its long-term investment strategy. With more than 1.8 million members and approximately $300 billion in assets CalPERS manages the largest public pension fund in the United States.
How Diversity Adds Value
David J. Grain
David J. Grain, Founder and Managing Partner of Grain Management LLC, shares his thoughts on the value diverse managers bring to their corporate partners and his approach to team-building. An active participant in national civic affairs, President Barack Obama appointed Mr. Grain to the National Infrastructure Advisory Council (NIAC) in July 2011.
Making the Case for Diverse Managers
Joseph Haslip
The performance of diverse managers in the market (and the data to prove it) has resulted in institutional investors allocating more in the space, with an increased number of allocators creating programs to effectively do just that, according to Joseph Haslip, Chairman of the NAIC. He also cites NAIC member Vista Equity Partners being named as the top private equity firm in the world as a contributor to more allocators looking into the diverse managers marketplace.
Defining Success for the Diverse Asset Managers Initiative
Robert Raben
Robert Raben, President & Founder of The Raben Group, says the Diverse Asset Managers Initiative will succeed when inclusion and participation by people of color is so complete that a distinct effort is no longer needed. Until then, the initiative will employ advocacy, education and assertive tactics to make the case that diversity means performance.
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.
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