Emerging Managers

Fund I's limited partners include endowments and foundations, pension funds, fund-of-funds, insurance companies, and family offices.

As a result of this fundraising, Dunes Point Capital now has $1.5 billion assets under management.

Impact Engine operates as an “impact LP,” deploying most of its capital to the funds of emerging and established buyout and growth equity GPs with an impact focus.

Ballast is led by managing partner Jon Popielarski, a former director of private assets at Employees’ Retirement System of Rhode Island.

The fund's limited partners include endowments, foundations, insurance companies and family offices.

Fundraising is slow and especially so for emerging managers, who have seen their share of the private equity capital share fall precipitously over the past two years.

Emerging manager fundraising is down in the tough market, with first-time funds globally raising around $25bn last year, compared to $47.6bn in 2022, according to Buyouts data.

The private equity firm raised $685 million for its third flagship fund, CORE Industrial Partners Fund III and $202 million for its new fund, CORE Industrial Services Fund I.

So how does a new shop raising its debut fund navigate what is widely considered to be the toughest fundraising environment since the global financial crisis, if not ever?

Northleaf Growth Fund targets growth-stage companies in North America across the technology and healthcare sectors.