NAIC Appts Next President and CEO

The National Association of Investment Companies has appointed Ed Dandridge, a senior corporate executive as its next president and chief executive officer, effective January 2012. In this role, Dandridge will succeed Samuel J. Boyd, Jr. who had served as President and CEO since 2007.

PRESS RELEASE

The National Association of Investment Companies (NAIC) today announced that it has appointed Ed Dandridge, a senior corporate executive as its next President and Chief Executive Officer, effective January 2012. In this role, Ed Dandridge will succeed Samuel J. Boyd, Jr. who had served as President and CEO since 2007.

NAIC is the trade association representing private equity firms whose investment strategies focus on emerging domestic and global mid-market opportunities. NAIC firms invest in privately held businesses with a high probability of growth and deliver significant returns to their investors and shareholders. NAIC firms have invested in and transformed more than 20,000 businesses across industries including software, technology, infrastructure, consumer services, food and beverage and healthcare.

“We’re delighted to have Ed as our next CEO,” said NAIC Chairman, David Perez of Palladium Equity Partners. “He brings a rare combination of global business development, corporate management and domestic public policy experience needed to lead NAIC moving forward.”

Dandridge joins NAIC from Nielsen (NYSE:NLSN), where he served as Chief Communications Officer since 2008. Nielsen is a leading global information services company with a presence in more than 100 global markets. In his role as CCO, Dandridge was responsible for Nielsen’s global corporate reputation. Prior to its initial public offering in January 2011, Nielsen was owned by a consortium of private equity firms.

“This is a critical moment of global opportunity and our member firms have a positive record of wealth creation for investors,” said NAIC Vice Chair Michael Smart, Managing Partner of Cordova, Smart & Williams. “Ed is uniquely qualified to transform NAIC into a global player.”

Dandridge will be charged with facilitating relationships between NAIC firms and institutional investors seeking investment exposure to the domestic emerging and global mid -markets which comprise the 21st century’s fastest growing economies, business sectors and industries.
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“NAIC firms play a vital role in driving domestic and global economic growth,” said Dandridge. “I’m honored to advocate on behalf of such an important industry.”

While much attention has been focused on emerging markets like Brazil, India and sub-Sahara Africa, investors are increasingly emphasizing high growth opportunities in the domestic emerging market. As the Boston Consulting Group found in 2009:

“The Emerging Domestic Markets sector has long been underserved
and undercapitalized. Now, however, it is poised for explosive growth and
that presents an exciting and rewarding opportunity for private equity investors,
as well as mainstream corporations… Exploiting this opportunity will require all
the major stakeholders to shift their mindset and consolidate their
efforts to increase the capital supply … A concerted effort will benefit
not just the investors and businesses in this increasingly important
sector, but the U.S. economy as a whole.”

The domestic and global emerging markets share a number of key characteristics in common:
• Emerging middle class consumers
• Increasing small business productivity
• Younger and faster growing populations
• Faster growing per capita incomes

It is expected that NAIC’s institutional investor outreach and member services programs will relocate to New York City where Dandridge is based while legislative affairs, industry education and fund manager development programs will remain in Washington, DC. The NAIC CEO search was led by Julian Ha and Nathan Williamson of Heidrick & Struggles’ Public Affairs practice in Washington, DC.

Previously, Dandridge was a partner at BrandSphere, where he produced political ads during the last two presidential election cycles. Dandridge has also held senior positions at Disney’s ABC Television Network and Sawyer/Miller Group, now a unit of The Interpublic Group of Companies. An attorney, Dandridge began his career practicing law in New York City. Dandridge is a graduate, cum laude from Tufts University and The University of Pennsylvania School of Law. A member of the Executive Leadership Council, Dandridge is a board member of the Council of Urban Professionals and the Co-Chair for the Museum for African Art.

About The National Association of Investment Companies (NAIC)
The National Association of Investment Companies is the trade association representing private equity firms whose investment strategies focus on the emerging domestic and global mid-market opportunities. NAIC firms generate significant returns for institutional investors and shareholders by investing in and growing privately held businesses. NAIC firms are catalysts for job creation, economic growth and the talent pipeline of new fund managers essential to global competitiveness. In 2011, NAIC merged with The Marathon Club, the leading entrepreneurial business development network serving the emerging domestic market.