The National Association of Investment Companies is bringing back a series of six virtual training sessions for the next generation of ethnically diverse and female private equity general partners.
The symposiums — the Next Generation of Private Equity Firms Symposia — target private equity professionals who have recently launched firms or who are thinking about doing so within the next 12 months, said Alan Hughes, chief content officer for the Washington-based NAIC, a network of 111 diverse individual-owned private equity and hedge fund firms representing about $178 billion in assets under management.
"We decided to bring it back since the feedback was overwhelmingly positive," Mr. Hughes said.
The symposiums are scheduled to start Feb. 19 and are designed to provide the more than 100 expected attendees "a 360-degree view of what is required to start a new private equity firm and effectively navigate the process of raising capital," according to information about the event on NAIC's website.
"We are changing our formation structure as a result of having gone through the course," said one attendee from last year in an email providing feedback to NAIC. "We are taking a second look at the service providers ... (and) rethinking what the essentials are in terms of marketing materials in order to raise capital."
