Emerging Managers

LPs include Mubadala Investment Co, tech investor Yuri Milner, Bolt Ventures, Boxfish Corp, Ferguson Capital II, Lakefield Enterprises III, NJF Capital Corp and RIT Capital Partners.

Otro will make operationally oriented control and significant minority investments in sports-related businesses and assets, sources said, targeting dealflow mostly in North America and Western Europe.

Fund I will invest in U.S.-based manufacturing, value-added distribution and industrial service businesses in the lower-middle market.

New faces that are attracting capital in very lean times.

While much of the market is struggling to return capital back to LPs, newer, smaller PE managers have multiple paths to exit. With strong performance, the future looks bright for the newbies.

Despite a tough fundraising climate, 100 new funds were launched last year by first-time managers, topping the peak set in 2021, says Colleen Fay, a tax partner at Withum.

The highly recurring revenue profile of our businesses and the customized capital structures that we create provide downside protection but maintain upside potential similar to more traditional private equity, says Thayer Street Partners’ Josh Koplewicz

Taxes have the ability to deliver what many allocators view to be the holy grail – uncorrelated returns – says Andy Lee, founder and chief investment officer, Parallaxes Capital.

Town Lane Real Estate Opportunities Fund I's limited partners include university endowments, charitable foundations, family offices and pension funds.

Truelink appears to have hired another Platinum Equity executive, Peter Schultz, who left the firm this month, according to his LinkedIn profile.