Ripley: GEM refuses to provide income floors to emerging managers
Jay Ripley · Jay Ripley – Emerging Manager Selection at GEM (EP.470) · Nov 10, 2025 · at 21:27
Jay Ripley, Head of Investments at Global Endowment Management (GEM), explains the firm's underwriting and structuring philosophy for backing emerging private equity spinouts.
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“When we back any emerging manager, we don't put a bridge or a floor under them because we think that discourages risk-taking behavior. It sets the wrong mindset and doesn't educate them on how hard it's going to be in most cases.”
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