NAIC Welcomes Leading Capital Allocator Global Endowment Management

WASHINGTON, April 3, 2020 /PRNewswire/ --The National Association of Investment Companies (NAIC), the largest network of diverse-owned private equity firms and hedge funds, today welcomes Global Endowment Management, LP (GEM), a full-service outsourced investment office, to the NAIC network.

Through this new relationship, Global Endowment Management gains greater access to NAIC's growing network of high-performing diverse investment managers, and NAIC member firms will have the potential to diversify their capital bases with a leading foundation-focused allocator. NAIC will serve as the conduit to increase engagement between its member firms and Global Endowment Management, which oversees an investment portfolio valued at over $10 billion.

"Diversity, in all of its forms, enhances results for any firm serving clients with equally diverse needs," says J. Porter Durham, Jr., Managing Partner for Global Endowment Management. "We are very pleased to be partnering with NAIC to make the promise of diversity within the investment industry a reality."

"The NAIC is delighted to welcome such a well-respected allocator as Global Endowment Management," says Robert L. Greene, President & CEO of NAIC. "We look forward to finding synergies between GEM and our member firms to build strong, lasting, and mutually beneficial relationships."

About GEM: Global Endowment Management is a leading outsourced investment office providing institutional investment capability and access to investment managers worldwide on behalf of our mission-driven clients. GEM assumes responsibility for asset allocation, manager selection, risk management, and investment reporting. For more than two decades, GEM's people have stewarded the financial assets of national and international endowments and foundations.

About NAIC: Celebrating 50 years of advocacy and performance, the Washington, D.C.-based National Association of Investment Companies is the trade association for and largest network of diverse- and women-owned private equity firms and hedge funds. NAIC's membership is comprised of more than 80 firms that collectively manage over $165 billion in institutional assets.

Media Contacts:

NAICAlan Hughes[email protected] 917-993-3842

Global Endowment Management Torrey Feimster [email protected] (704) 348-3396

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SOURCE National Association of Investment Companies