Private Equity Women Investor Network Announces 2019 Annual Awards Recipients at 11th Annual All Members Meeting
FOR IMMEDIATE RELEASE
Contact: Kelly Williams
Email: [email protected]
New York, NY; May 22, 2019 – Private Equity Women Investor Network (PEWIN), the pre-eminent organization for senior-level women investment professionals in private equity, has announced the winners of its 2019 awards. The awards were presented at PEWIN’s 11th Annual All Members Meeting in San Francisco, California on May 22, 2019.
The PEWIN annual awards program recognizes outstanding organizations who are transforming the private equity industry by supporting increased gender diversity in three categories: Women-Owned Firm, Limited Partner and General Partner. The firms are nominated by PEWIN membership and voted by the PEWIN Steering Committee.
Kelly Williams, Founding Chair and co-CEO of PEWIN said of the awards, “PEWIN is so pleased to recognize Luminate Capital, 1315 Capital, the Teacher Retirement System of Texas and The Riverside Company, each of whom are leading by example in their support, promotion and amplification of the outstanding women investors who exist in the private equity industry. Through the efforts of each of these firms, it is our hope that the amount of assets under management by women in the industry will continue to increase, as they demonstrate the outstanding returns achieved by women investors.”
Women-Owned Firm of the Year
An award given to firms that are majority-owned by a woman or women and manage third party capital. Two women-owned firms are sharing this honor this year: 1315 Capital and Luminate Capital.
“We are grateful to the members of PEWIN for the support we have received since the inception of 1315 Capital. Our focus from the very beginning has been on providing expansion and growth capital to healthcare companies, and we now have over $500 million under management across two funds. PEWIN’s Project Pinklight formalizes aspects of the support and guidance that was instrumental in getting 1315 Capital off the ground.”
“Our team at Luminate is working hard to establish our firm as a leader in the software private equity market and deliver returns for our investors,” commented Hollie Haynes, Founder and Managing Partner. “We have been honored to have the help and support of a tremendous group of early supporters from the Limited Partner community including members of PEWin.”
LP of the Year Award
An award given to an institutional limited partner who has demonstrated commitment to encouraging and supporting female investors in the private equity industry. The recipient of the 2019 LP of the Year award is the Teacher Retirement System of Texas.
“Teacher Retirement System of Texas is thrilled to receive PEWIN’s LP of the Year Award. TRS takes great pride incorporating diversity & inclusion initiatives into all touchpoints of our investment and cultural strategies. This is exemplified through the increasing number of women-owned firms involved in TRS’ Emerging Manager Program, now at 12 managers. Furthermore, TRS also has over $2 Billion committed in Real Estate to the woman-owned Banner Oak Capital Partners,” commented CIO Jerry Albright.
“Internally, TRS also benefits the talents of the next generation of female leaders throughout our Private Markets programs which put the focus on TRS as a partner of choice. Some highlights of our success in this area include senior women on Private Equity and Real Estate Teams. Furthermore, TRS has a woman leading the Energy, Natural Resources and Infrastructure portfolio and Special Opportunities portfolio. It also should be noted that the past two recipients of TRS’ internal Investor of the Year have been women. Thank you for recognizing TRS’ commitment as top contributing LP.”
GP of the Year Award
An award given to a private equity firm that has demonstrated a commitment to advancement of women in the industry through its own internal practices as well as through its investment portfolio. The recipient of the 2019 GP of the Year award is The Riverside Company.
“We’re proud of the leadership role that women play within our firm and our industry,” said The Riverside Company Co-CEO Stewart Kohl. “We’re convinced that we are a better firm because of it. We embrace diversity and inclusion in all forms both within Riverside and at our portfolio companies because we know it significantly enhances our core mission of value creation.”
PEWIN is the preeminent membership organization for senior women in private equity from endowments, foundations, pension plans, fund-of-funds, family offices, venture, buyout and mezzanine firms, consultants, and select advisory firms. PEWIN provides opportunities to network, share ideas, make deep connections between peers, and works to empower women to succeed at the highest levels in the finance industry. All members are in decision-making roles at their organizations, and include Managing Director or Partner level professionals, Chief Investment Officers, Senior Portfolio Managers, or similar level of C-suite responsibility. PEWIN has members in the United States, Europe, Asia, Middle East and Africa who represent institutions with over $2.5 trillion in assets under management. To learn more about PEWIN, please visit www.pewin.org.
Founded in 2014 and with $500 million under management, 1315 Capital provides expansion and growth capital to commercial-stage medical technology, healthcare service, and specialty pharmaceutical companies. The team believes that these investment areas are attractive largely due to numerous niche market sub-segments and business models where high-quality management teams can rapidly grow small platform companies, in a capital efficient way, into large and important businesses that positively impact patients, physicians, and the broader healthcare system. For more information, visit www.1315capital.com.
Luminate Capital Partners
Luminate Capital Partners is a private equity firm focused on making control investments in enterprise software companies. With almost $700 million under management, Luminate partners with management teams to provide capital and insight to drive strategy, growth, and operational improvements. Luminate’s portfolio companies serve enterprises globally with software applications and data solutions that enhance revenue and operational efficiency. Representative companies include AMTdirect, Auto Quotes, Comply365, Conexiom, LiquidFrameworks, Oversight Systems, PDI, and StarCompliance. For more information, visit www.luminatecapital.com.
Teachers Retirement System of Texas
The Teacher Retirement System of Texas is the largest public retirement system in Texas, serving nearly 1.6 million people. TRS improves the retirement security of Texas public education employees through our “best in class” investment management that oversees an approximately $150 billion Trust and delivers pension and health care benefits that make a positive difference in members’ lives. For more information, please visit http://www.trs.texas.gov.
The Riverside Company
The Riverside Company is a global private equity firm focused on making control and non-control investments in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 560 transactions. The firm’s international portfolio includes more than 80 companies. For more information, please visit www.riversidecompany.com.