The American Investment Council (AIC) has appointed Pam Hendrickson to chair of its board of directors.
She previously served as vice-chair on the board and succeeds Steve Klinsky, founder and chief executive of New Mountain Capital.
“I’ve worked with the AIC for over a decade and I’m excited to chair the board and help our team promote our industry,” Hendrickson said. “We’ve got a great story to tell about how private equity is supporting small businesses, investing in every community and strengthening retirements.”
She stated that in her new role, she will work to grow AIC’s membership, increase understanding of the PE industry and protect its business model so that the industry can continue to invest across America.
“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.
Maloney noted that Hendrickson brings an important perspective to the table because her firm invests exclusively in small businesses.
“Nearly 80 percent 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, DC.”
Under Klinsky and Maloney’s leadership, the AIC said its membership grew by over 40 percent and its revenue doubled. 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 policymakers.
Hendrickson joined The Riverside Company in 2006 as chief operating officer. She currently serves as vice-chair of the firm, spearheading public policy initiatives for the firm and its portfolio companies. Prior to joining Riverside, she served as a managing director at JP Morgan for 22 years.