Emerging Managers

The firm, like other first-timers in the market, is raising a fund at a time of slowing fundraising and LP hesitancy to back new teams as they stick with their established relationships.

Crossplane Capital Fund II will back lower middle market industrial companies.

The firm is among numerous first-time managers in the market seeking to attract capital despite the challenges of the current fundraising environment.

TCG straddles the line between venture capital and growth equity, backing young and aggressive companies like Barstool Sports, Exploding Kittens and Goldin Auctions.

The fund's LP base includes foundations, endowments and family offices.

Ember Infrastructure Fund I will invest in the energy transition and resource efficiency sectors.

The fund's LP base includes university endowments, financial institutions, funds of funds and family offices.

The fund's limited partners include public pensions, corporate pensions, insurance companies, healthcare companies, multi-manager funds, consultants, and family offices.

Sandbrook appears to have persevered despite fundraising headwinds. After only six months of marketing, the emerging manager secured more than three-quarters of Fund I’s target, sources told Buyouts.

Patient Square is among a handful of first-time fundraisers in the market that has increasingly turned against them, as LPs run out of allocation space for the year.