Fundraising

HarbourVest Partners, Ardian and Canada Pension Plan Investment Board were the lead investors.

Emerging managers should not be surprised when they are expected to provide reporting and transparency on a par with larger competitors, writes Jeff Gendel, principal at Gen II Fund Services.

Here are the key findings that every emerging manager should know from the Buyouts Emerging Manager Survey conducted in partnership with Gen II Fund Services, LLC.

The 2024 Buyouts Emerging Manager Survey captures the insights of over 120 fund managers.

Attracting investor backing remains a tough task for emerging managers.

Emerging managers are still hunting down investment and value-creation skills, all while actively building their own talent pipelines.

While still taking advantage of outsourcing options for operational support, emerging managers are frequently hiring internal talent to manage them all.

Even in a market this competitive, investors are aiming for terms that will not hinder any manager’s ability to deliver returns.

Though the market is hard to crack, there are LPs ready to back emerging managers that demonstrate patience and the rigor to make their case.

There is little to cheer about the current market, but emerging managers believe their strategies will eventually deliver a windfall to LPs.