Private Equity and Venture Capital Sourcing

I attended the 42^nd Annual Meeting of the National Association of Investment Companies (NAIC) and came away with extraordinary news and a more optimistic outlook on the growth and expansion of the minority business community.  Today, NAIC released a quantitatively focused report that underscores the strong performance of minority and women-owned private equity firms.  These firms create new jobs and expand the U.S. economy by providing much needed capital to the nation’s minority- and women-owned businesses. 

The report, referred to by its short name, Recognizing the Results, is formally titled The Financial Returns of NAIC Firms: Minority and Diverse Private Equity Managers and Funds Focused on the U.S. Emerging Domestic Markets.  Compiled by the highly respected accounting firm KPMG, Recognizing the Results demonstrates that NAIC members—27 minority and diverse private equity firms focused on the U.S. emerging domestic markets – have outperformed the overall private equity industry for the past 13 years.  These results capture a representative sample of the larger sector of diverse and minority private equity firms. 

“Startup America also represents a historic partnership with business leaders, investors, universities, foundations, and non-profits, and we're urging others to join them in this effort. For entrepreneurs speak to what's best about America, and in their drive and innovative spirit -- in their willingness to take a risk on a bold idea -- we can see the future. We can see how America will compete and win in the 21st century global economy.” President Obama