Buyouts and Gen II Fund Services Release Fourth Annual Emerging Manager Report

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The fourth annual Emerging Manager Report reveals how new general partners and the investors who back them are moving forward during these unprecedented times.

This year’s survey is especially poignant in that it shows that investors’ theses around emerging managers hold true even in the face of an economic downturn," said Chase Collum. "As with previous editions, this year’s data will serve as a benchmark on the status of the emerging manager market.

Buyouts, in partnership with Gen II Fund Services, LLC, today released the fourth annual 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 compiles survey results of 105 emerging managers and 61 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 as well as the impacts of Covid-19 on emerging managers and investor appetites.

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

Overall, the survey covered nearly 70 data points. The Buyouts Emerging Manager Report can be downloaded at: https://bit.ly/2E5dIiK.

“We are grateful for the market’s overwhelming responsiveness to this year’s survey, especially during this unique time” said Jeff Gendel, Principal at Gen II Fund Services. “Although there are signs that fundraising may be prolonged, we are pleased to see resilient interest in emerging managers by the institutional investor community. We are further encouraged by the market’s view that an experienced fund administrator is an important differentiator for the emerging manager. We thank the PEI research and editorial team for their efforts and collaboration on this definitive annual survey.”

Chase Collum, Special Projects Editor at Private Equity International, said, “This year’s survey is especially poignant in that it shows that investors’ theses around emerging managers hold true even in the face of an economic downturn. Emerging managers fill a critical niche in the private equity world, and investor appetite for that niche remains strong. As with previous editions, this year’s data will serve as a benchmark on the status of the emerging manager market. We are fortunate to be able to produce this report in partnership with Gen II Fund Services, LLC.”

Notes to Editors:
About Buyouts https://www.buyoutsinsider.com/
Today, Buyouts is the leading authority in North American private equity intelligence, data and trend analysis. Buyouts’ award-winning editorial and research teams have sources deeply rooted in the private equity market to provide exclusive insight on fundraising, capital sources, LP allocation strategies, investment performance data and LP/GP profiles.

About Gen II Fund Services, LLC http://www.gen2fund.com/
Gen II is one of the largest independent private equity fund administrators, administering over $350 billion of private capital on behalf of its clients with offices in New York, San Francisco, Boston, Stamford, Dallas, and Luxembourg. Gen II offers private fund sponsors a best-in-class combination of people, process, and technology, enabling fund sponsors to 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 expertise across buyout, funds of funds, real estate, energy, infrastructure, credit, co-investment, hybrid funds, feeder funds, venture capital, retail, and managed accounts.

About the Report
The Emerging Manager Report, published by Buyouts 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. One hundred and five emerging managers and sixty-one institutional investors completed detailed surveys this spring. The results are released in July each year.

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Chase Collum
PEI Media
+1 (212) 796-8336
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Jeff Gendel
@Buyouts
since: 01/2010
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