Buyouts Insider and Gen II Fund Services Release Third Annual Emerging Manager Report
2019 Report reveals incentives offered by emerging managers for LP commitment and other benchmarking data for emerging managers and the LPs who invest with them.
NEW YORK, July 23, 2019 /PRNewswire-PRWeb/ -- Buyouts Insider, in partnership with Gen II Fund Services, LLC, today released the third annual Private Equity Emerging Manager Report, reviewing important factors that new general partners need to consider when launching their funds, and key areas of focus for limited partners that invest with emerging managers.
The report was released in conjunction with Buyouts Insider's Emerging Manager Connect East conference, held at the Pierre Hotel in New York today.
The report compiles survey results of 85 emerging managers and 68 institutional investors that seek to invest with emerging managers, gauging their views on subjects that include fundraising, fund terms and conditions, co-investment opportunities, and the due diligence process.
Among the areas explored by the survey:
- Time from initial marketing to both first and final closes
- Sourcing LP capital – where did the commitments come from?
- Hiring trends among emerging managers
- The importance of team composition versus track record from the LP perspective
- Anchor investor considerations
In addition, this year, the survey asked questions regarding GP and LP views on the possibility of a market downturn. Overall, the survey covered more than 60 data points. The Private Equity Emerging Manager Report can be downloaded at: http://bit.ly/30z5ANs.
"This survey continues to yield intriguing results each year, especially with respect to the increased interest that LPs have in the emerging manager marketplace" said Jeff Gendel, Principal at Gen II Fund Services. "Our partnerships with the industry's leading emerging managers and LPs that invest with them reconfirm the importance of a cohesive team, strong track record and a clearly delineated investment thesis – and the imperative to engage with experienced service providers to help navigate the path to success. We thank the Buyouts editorial staff for their efforts to make this annual survey a must-read for the community."
Joseph Weitemeyer, Research Editor of Buyouts Insider, said, "I'm glad to have had the opportunity to work on such an interesting survey, to see how it compares with previous editions and to see growth in participation. The data will serve as a great benchmark on the status of the current emerging manager market. I'm also glad we had such a knowledgeable partner in Gen II Fund Services LLC and am pleased to share the results of the survey with Jeff at the Emerging Manager Connect East conference."
Notes to Editors:
About Buyouts Insider https://www.pehub.com/
Buyouts Insider is the leading provider of news, data and conferences to private equity professionals, venture capitalists, and their institutional backers. Its flagship online information services include Active LPs, Buyouts, VCJ and the PE Hub Network. Its networking events, held in major financial centers around the country, include PartnerConnect, Emerging Manager Connect and Family Office Connect.
About Gen II Fund Services, LLC http://www.gen2fund.com/
Gen II Fund Services, LLC is the largest independent, US-based private equity fund administrator, covering over $275B of private capital and reporting to over 10,000 LPs on behalf of our clients. Gen II has helped over 55 emerging managers successfully launch their firms and funds.
Gen II offers private fund sponsors the best-in-class combination of people, process and technology, enabling GPs to most effectively manage their operational infrastructure, financial reporting and investor communications. The Gen II team is the most experienced and longest tenured team in the private equity fund administration industry, with broad product expertise across buyouts, infrastructure, energy, credit, real estate, co-investment, hybrid funds, funds of funds, feeder funds, venture capital, and managed accounts.
About the Report
The Emerging Manager Report, published by Buyouts Insider in partnership with Gen II Fund Services, LLC, is the private equity industry's primary source for PE/VC emerging managers and institutional investors with an appetite to back them. Eighty-five emerging managers and 68 institutional investors completed detailed surveys this spring. The results are released at the Emerging Manager Connect East Conference in New York, on July 23, 2019, and will be discussed at forthcoming Buyouts Insider events throughout the year.
SOURCE Buyouts Insider
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