National Association of Investment Companies (NAIC)

NAIC wishes our entire community a warm and meaningful Thanksgiving holiday. We remain deeply grateful for our member firms, corporate partners, sponsors, industry alliances, capital allocators, and all those who work alongside us to expand opportunity and increase the flow of capital to high-performing diverse investment managers. Thank you for your continued partnership and commitment to advancing a more inclusive and competitive investment ecosystem. Wishing you a joyful and restorative holiday with loved ones.

NAIC is excited to welcome Mako Capital Group to our network. Mako Capital Group is a lower middle-market private equity firm partnering with exceptional management teams to unlock step-change growth through bespoke capital solutions and hands-on operational expertise. The firm focuses on durable, consumer-oriented sectors where its team has been investing for more than 30 years, including healthcare, financial services, and consumer services. Founded Angel Morales, Pete Amaro, and Oscar Munoz, Mako combines institutional private-equity rigor with proven operating leadership. Angel previously led Bank of America Merrill Lynch’s $6 billion Global Private Equity platform, overseeing major global investments and serving on the boards of companies such as Hertz and Nuveen. Pete brings a unique blend of investment acumen and operational experience, having invested in and scaled businesses at the growth stage. Oscar, former CEO of United Airlines, adds decades of C-suite leadership and a strong track record of driving transformation and growth at scale.

Curious about the 2026 NextGen Symposium? Don’t miss our Ask Me Anything (AMA) Informational Session — your opportunity to learn exactly what the program offers and whether it's the right next step for your firm-building journey. NAIC’s NextGen Symposium is the premier virtual training program designed to educate and empower emerging and aspiring diverse alternative investment firm founders. During this live session, NAIC staff and program leaders will walk you through the program and answer your questions in real time. What You’ll Learn: 🔹 Program structure, content, and expected outcomes 🔹 Who should participate and how to prepare 🔹 Real-world insights from past participants who are now founders 🔹 Details on the in-person capstone: pitch coaching with former LPs + networking in NYC 🔹 Registration options and how to maximize your experience Whether you’ve recently launched a firm or are considering taking that next step in the coming year, this AMA will give you the clarity and confidence you need to decide. Reserve your spot. AMA Registration: https://lnkd.in/e4Hj4rhj

Register for an Exclusive Member Webinar hosted by Wells Fargo On December 2 at 12 p.m. ET, leaders from Wells Fargo’s Corporate & Investment Banking group will share fresh insights on current market dynamics shaping M&A activity — plus what to expect heading into 2026. This interactive session is a chance to hear directly from industry experts, ask questions, and connect with fellow member firms. Register today: https://lnkd.in/ejEthxzn

Registration is now open for the 2026 NextGen Symposium, NAIC’s industry-leading virtual training program that educates and empowers a new generation of diverse alternative investment firm founders. NextGen delivers actionable, experience-driven insight for those who have recently launched a firm and those considering establishing a firm—equipping participants with the tools needed to build and scale a successful, institutional-grade alternative investment firm. Designed to provide the support and clarity required to succeed in a competitive landscape, the NextGen Symposium features nine intensive weekly sessions led by world-class subject-matter experts, including successful firm founders, capital allocators, and global service providers who share real-world lessons from navigating the capital-raising journey. From February 19 – April 29, 2026, participants will take a deep dive into the foundational elements of launching, structuring, and growing a firm through the following curriculum: 🧱 Session 1: Your New Firm: Laying the Foundation 👥 Session 2: Team, Track Record, and Strategy: Your Recipe for Success 💰 Session 3: Attracting Capital: Building a Winning Go-to-Market Strategy 💡 Session 4: Behind the Scenes: Capital Allocator Insights 🔒 Session 5: Risk Mitigation: Protecting Your Firm & Enhancing Your Deals 📄 Session 6: Back Office Essentials: Compliance, Reporting, and Tax Considerations ⚖️ Session 7: Structuring Your Firm: Important Legal Considerations 🏦 Session 8: Asset Class Deep Dive: Private Equity, Venture Capital, Real Estate, and Credit 🤝 Session 9: Finances in Focus: Preparing for the Financial Journey Participants also have the option to register for our in-person capstone event in New York City, which includes attending Session 9 in person, exclusive pitch-coaching with veteran LPs, and an intimate networking reception with NAIC members, allocators, and key service providers. Ready to secure your spot? Register for the 2026 NextGen Symposium: https://lnkd.in/gmPhwAHX

NAIC congratulates Clearlake Capital Group on the announcement of its agreement to acquire Pathway Capital Management. The acquisition represents a significant expansion of Clearlake’s private markets platform, adding complementary capabilities and reinforcing its position as a leading diversified alternative asset manager with assets under management growing to $185 billion upon completion. NAIC applauds this milestone and celebrates the continued growth and innovation this represents for diverse-owned firms within the alternatives industry.

Get ready for an exciting year with NAIC! Our 2026 event lineup is packed with programs and events designed to educate, connect, and inspire both emerging talent and seasoned industry leaders. We'll kick off the year with our industry-leading NextGen Symposium for new firm founders and aspiring fundraisers. In April, we're looking forward to hosting a week of exciting events, including a Women Who Rock Mixer, Family Office Symposium and Spring Fling networking event, where we'll convene hundreds of LPs and GPs to build relationships. And mark your calendars now for our 2nd annual Amplifying Alts Forum, which will be held in Washington, D.C. in September!  Throughout the year, we'll provide opportunities to learn from experts, expand your network, and engage with the latest trends shaping alternative investing. Learn more about our 2026 events: https://naicpe.com/events/

With an oversubscribed $652 million Fund II and a successful exit from Altus Commercial Receivables, BharCap Partners is charting an ambitious path forward in financial services investing. Co-founders Bharath Srikrishnan and Jim Rutherfurd have built a fast-growing, sector-specialist platform focused on asset-light, founder-led financial services businesses. Following its 2023 acquisition of ARMStrong Receivable Management, BharCap executed a strategic realignment—separating the company into ARMStrong Insurance Services and Altus Commercial Receivables. The move sharpened its focus on its core insurance platform, which now serves nearly all of the top 25 U.S. property and casualty insurers. From wealth management to insurance and fintech, BharCap continues to pair deep operational expertise with disciplined execution—solidifying its role as a force for value creation in the middle-market financial services arena. Learn more > https://lnkd.in/dQKYS37A

Recent deals announced by NAIC Member Firms and their portfolio companies: ➡️ Vista Equity Partners to Sell Jamf Stake in a $2.2 Billion Transaction https://lnkd.in/e54QWeNh ➡️ NexPhase Capital, LP Partners with Always Best Care to Support Continued Growth https://lnkd.in/eMh8-Vsi ➡️ OceanSound Partners-Backed Netrix Acquires U.S. Managed IT Services from Ricoh USA https://lnkd.in/g5TWgiab ➡️ Wind Point Partners Acquires Buske https://lnkd.in/gMdmJ8tH ➡️ Bregal Sagemount-Backed Enhesa Acquires TotalSDS https://lnkd.in/gnCq-AJg ➡️ Standard Real Estate Investments and The Vistria Group Acquire Fox Valley Villages https://lnkd.in/gXTHXjNb ➡️ Telesat Partners with MaC Venture Capital Portfolio Company https://lnkd.in/gFbMV-c5 ➡️ Citrin Cooperman Acquires Gatto, Pope & Walwick https://lnkd.in/gZrUZ7xs ➡️ RECOGNIZE Announces Investment in Security Risk Advisors https://lnkd.in/em3ZjWS5

In today’s evolving private markets, innovation has become a defining edge. Fund managers are blending creativity with structural discipline to drive performance amid volatility and heightened competition for capital. In this NAIC exclusive, Sherrese Clarke (Founder & CEO, HarbourView Equity Partners), K. Don Cornwell (Co-Founder & CEO, Dynasty Equity), and Kamal Maruf (Managing Director, BlackRock Private Equity Partners) share how they’re reimagining value creation in private equity. From treating culture as a durable asset class to structuring continuation funds and co-investments that enhance liquidity and alignment, these leaders reveal how adaptability is rewriting the rules of the game. In today’s market, innovation isn’t a trend — it’s a strategy for resilience, precision, and long-term value creation. Read more > https://lnkd.in/gj35MmBN