Emerging Managers

Based in Philadelphia, Hidden River focuses on providing flexible junior capital for small businesses.

GrowthCurve Capital Partners' limited partners include pension funds, insurance companies, family offices and other strategic partners.

Newcastle’s strategy draws on managing partner Chris Casgar’s experience at L Catterton and Webster Equity Partners, with a focus on investing in consumer products and services businesses.

Climate Assets Fund I's limited partners include California State Teachers’ Retirement System, PSP Investments, AP4, Colonial First State Investments, Builders Asset Management and AP2.

Nexa raised an additional $150 million through deal-specific co-investment vehicles, bringing the firm’s total private equity capital under management to over $330 million.

Emerging managers can provide an edge in pursuing niche, overlooked or special strategies, say Adams Street’s Sunil Mishra, Sergey Sheshuryak and James Korczak.

Newbies need all the help they can get to wrench capital from hesitant LPs. ‘Seeded portfolios’ and other strategies are in play.

The fund's LPs include pension funds, wealth managers, insurance companies, consultants, family offices, foundations, and funds of funds.

Some firms continue to push through parallel pools outside of the flagship strategy despite constrained LPs who are juggling overexposure to the asset class and dwindling distributions.

Kinzie Fund II's backers include foundations, endowments, pension funds and family offices.