Fundraising

Attracting investor backing remains a tough task for emerging managers.

Emerging managers are still hunting down investment and value-creation skills, all while actively building their own talent pipelines.

While still taking advantage of outsourcing options for operational support, emerging managers are frequently hiring internal talent to manage them all.

Even in a market this competitive, investors are aiming for terms that will not hinder any manager’s ability to deliver returns.

Though the market is hard to crack, there are LPs ready to back emerging managers that demonstrate patience and the rigor to make their case.

There is little to cheer about the current market, but emerging managers believe their strategies will eventually deliver a windfall to LPs.

Turn/River in September announced a major agreement to sell Redwood Software, an automation fabric solutions provider, to Vista Equity Partners and Warburg Pincus.

As a result of this fundraising, JFLCO now has $7 billion total assets under management as of November 30, 2024.

The firm is among many in the middle market making changes as a result of the tough fundraising environment.

Fund III will target financial services companies that have between $7 million and $75 million in recurring revenue.