Emerging Managers

Founders include Christian Dorffer, former managing partner of Sweet Capital, and Lars Rasmussen, who co-founded a mapping technology company that turned into Google Maps.

The New York fund, founded last year by Ashley Bittner, focuses on early-stage investments in workforce, care and education.

The $49bn fund is looking for diversification, but is trimming its overall US exposure, says head of PE and sustainable infrastructure Jaime Alvarez.

The giant asset manager's Private Equity Solutions platform will make about 20-25 investments in a mix of early-stage funds and co-investments in later-stage companies.

The new initiative "will target at least 50 percent of investment going to female fund managers," the BBB says.

The fundraising drought has been particularly challenging for emerging managers, but both LPs and GPs say there is reason to be optimistic.

With extensive experience in enterprise-ready technology, the firm will invest in 25-30 companies across various funding stages that are developing financial service and supply chain products and services.

Planeteer Capital closed its debut fund with anchor investments from an Ivy League university endowment and Mike Schroepfer, former CTO of Meta and a partner at Gigascale Capital, after pitching more than 400 potential LPs.

Investors in Zeal's $82m Fund II include Capricorn Investment Group, Citi Impact Fund, Hampton University, M&T Bank, MassMutual, Spelman College, Wells Fargo and Zaffre Investments.

Pan Demetriou and Orr Vinegold aim to turn their accelerator into a sort of Y Combinator for UK impact brands.