Ready to Rumble

30 years of the BE 100s

from these institutions, consulted the rating services, state regulatory agencies, and industry associations.

B.E. Investment Banks
An investment bank must be at least 51% black-owned and have been fully operational for the previous calendar year. The top 15 investment banks compiled on our list engage in such activities as underwriting, initial public offerings (IPOs), mergers and acquisitions (M&A), retail brokerage, institutional research and sales, and financial advisory services. A firm’s financial status is measured in terms of total dollar amount of managed issues (including total senior, cosenior, and comanaged issues) derived from the underwriting of municipal, corporate and agency bonds, mortgage- and asset-backed securities, equity underwriting and private placements for the calendar year. In addition to receiving surveys from these companies, we consulted the federal and state regulatory agencies, and industry associations.

B.E. Asset Managers
An asset management firm must be at least 51% black-owned and have been fully operational for the previous calendar year. The top 20 firms on our list include those that invest financial assets for individuals and institutions such as the pension funds of government agencies and corporations, and endowments of colleges and universities. (Asset managers who specialize in real estate and other types of investment vehicles are not eligible for inclusion on this year’s list.) A firm’s financial status is measured in terms of total dollar amount of managed assets derived from equities, fixed-income and tax-exempt investments, and cash for the calendar year. In addition to receiving surveys from these companies, we cons
ulted the federal and state regulatory agencies and industry associations.

Private Equity Firms
A private equity firm must be at least 51% black-owned and have been fully operational for the previous calendar year. The leading 10 firms on our list include those that manage funds making equity investments in, and/or providing financing for, established and start-up companies. These investments are made on behalf of the firm and their individual and institutional investors. A firm’s financial status is measured in terms of total capital under management for the calendar year. Additional information provided to BE included a firm’s total number of funds as well as its portfolio companies. In addition to receiving surveys from these companies, we consulted regulatory agencies and industry associations.

As indicated, BLACK ENTERPRISE consulted industry analysts and other sources to verify the information contained in the lists. Companies that may have previously appeared on the BE 100s but have been excluded this year are either no longer black-owned or their financial status has dropped below the minimum threshold to make any of the lists.

The BE 100s are available on disk in both Windows and Mac formats. TopList Software provides mailing addresses and phone numbers of the companies as well as information on black organizations. For more information on TopList, contact B.E. Unlimited at 212-886-9576.

A New Leader Emerges
The BE 100s has gained a new leader — and it’s a freshman. CAMAC Holdings Inc., a Houston-based company that engages in oil and gas exploration, consulting, and engineering, is making its debut on the BE INDUSTRIAL/SERVICE 100 list with gross

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