Emerging Managers

Riverside Acceleration Capital Opportunity Fund II will back B2B software companies.

As a result of this fundraising, Coalesce now has about $1 billion in regulatory assets under management.

The fund's limited partners include endowments, foundations, pensions, insurers, fund of funds, family offices, and 3BC professionals.

Schorr, who left OEP this month, is expected to remain 'an active technology investor,' sources said, with the aim of launching a new private equity firm 'in the very near future.'

“The OceanSound story is a compelling and differentiated one and there is no substitute for having an internal investor relations executive to tell that story to the marketplace,” managing partner Joe Benavides said.

Sotirhos will lead the investor relations team and co-investment process, with a focus on broadening the LP base and expanding into new markets in Europe, the Middle East and Australasia.

The pool's backers include endowments and foundations, family offices, registered investment advisors, and other institutional investors.

RidgeLake’s investor base includes insurance company, wealth management, foundation, family office, and high-net worth investors.

Emerging managers employ various strategies to attract capital from LPs, including operating on a deal-by-deal basis for a period of years to build an independent track record.

Without much capital coming back, LPs are slowing the pace of their commitments and sticking mostly with their deepest relationships.