WASHINGTON, D.C. — The American Investment Council announced today the election of Pam Hendrickson as Chair of AIC’s Board of Directors. Hendrickson joined The Riverside Company in 2006 as Chief Operating Officer. She currently serves as Vice Chairman of the firm, spearheading public policy initiatives for the firm and its portfolio companies.
“Pam is among the most respected leaders in all of private equity and we’re extremely fortunate to have her talent and expertise here at the American Investment Council,” said AIC President and CEO Drew Maloney. “Pam brings an important perspective to the table because her firm invests exclusively in small businesses. Nearly 80% of the $1 trillion private equity invested last year went to companies with fewer than 500 employees. She is as well-positioned as anyone in the country to help us educate the public about our industry and advocate directly with key lawmakers here in Washington, D.C.”
“I’m excited to continue the important work Drew and Steve [Klinsky] have done to communicate how private equity invests and uplifts communities across America,” said Hendrickson. “I look forward to driving further engagement within our industry to emphasize the importance of managing risk and telling our story..”
Hendrickson succeeds Steve Klinsky, Founder and CEO of New Mountain Capital, after a successful four-year term. Under Klinsky and Maloney’s leadership, the AIC grew its membership by over 40% and doubled its revenue. The AIC has also focused on promoting private equity’s commitment to supporting small businesses during the COVID-19 pandemic, strengthening sustainability, and delivering effective advocacy with policy makers.
Today, the AIC also released a new video that celebrates Steve Klinsky’s leadership of the AIC and his commitment to educating policymakers about how private equity is building better businesses across America. In the video, Drew Maloney noted Klinsky’s service and commented that Steve “is what you need in a chairperson at our organization because he is a great leader in the private equity industry. It was great working with him.”