Emerging Managers

Founder Fraser Preston said if every private equity firm pledged 5% of annual revenue to anti-racism causes, the industry-wide contribution would amount to more than $1bn.

Prior to rolling out a first-time fund, Long Arc appears to have been a deal-by-deal investor, acquiring stakes in Renaissance Alliance, Robertson Stephens and Tinubu Square.

The firm, which focuses on debt and debt-like investments, believes the pandemic downturn presents even greater opportunity for dealmaking.

Radial Equity Partners was founded in 2019 by Phil Carpenter, an 18-year veteran of Irving Place, the former Bear Stearns Merchant Banking.

Despite a slowdown in private equity fundraising, Guidepost was able to attract capital initially from existing relationships Guidepost partners had at their former firm, North Bridge.

At issue is the creation of trademarks for Mill Rock Capital and the creation of a legal entity called Great Mill Rock.

Jonathan Costello, who led the investment bank’s secondaries unit from 2017, will focus on GP-led processes at his new venture.

Nik Shah, a former H.I.G. executive, launched the firm last year alongside fellow H.I.G. alumni Daniel Gedney.

While a coronavirus-driven down-cycle is unlikely to shut down fundraising for viable GPs with first-time offerings, it has multiplied their challenges.

Monogram Capital Partners II's launch comes as the fundraising market is being battered by the covid-19 pandemic, creating fresh challenges for first- and second-time vehicles.