The National Association of Investment Companies (NAIC) is a trade association for diverse-owned alternative investment firms. NAIC focuses on education, advocacy, and industry events to increase capital flow to high-performing diverse managers. They represent a broad spectrum of backgrounds and strategies, including Black, Latinx, Asian-American, and female-owned firms. Their unique selling proposition is promoting diversity and inclusion in the investment industry by highlighting the performance of diverse-owned firms. NAIC's target audience includes institutional investors and diverse investment managers seeking to increase their market presence and access to capital.