Emerging Fund Manager
topic on 2 shows · 5 statements across 5 episodes
5 statements about Emerging Fund Manager, every show
Green: Emerging fund managers must strictly adhere to their promised LP strategy
“What you tell your LP is, just make sure you stick to it and do it. That's actually the best advice I can give for any emerging fund manager. It's like, look, define what you're gonna do, and do exactly that, and don't go out, don't go, don't stray from it at …”
Lacaillade: Emerging managers should target 20 LP meetings with high yield
“I'm a big proponent of doing targeted, like not meeting like a 120 LPs and taking the first dollars, but like having like a thoughtful, like do 20 meetings and try to have a, you know, 40, 50% yield.”
Harry Stebbings: Emerging managers underutilize existing LPs for LP introductions
“I think the biggest thing that managers miss is they say that I need more LPs. And I say, well, go to your existing LP base and say, can you give me three names that you think would be really well aligned that you will vouch for me to. And people don't leverag…”
MSK sizes early-stage emerging managers at half a typical allocation
“We tend to size that at about half the size of where we would size an initial relationship, all things equal.”
Berntsen: 90% of First-Time Fund Allocator Meetings Are Purely Educational
“Everyone takes a meeting when you launch your first private equity fund or your first venture fund or your first hedge fund. But 90% of them are just learning from you. They're not necessarily going to invest in your first fund or in the first three years of y…”