Roger Ehrenberg: Emerging managers graduate after returning 1x DPI on all capital
Jeff Morris Jr. · Inside VC’s Existential Crisis: Jeff Morris Jr. on Surviving & Winning · Sourcery with Molly O'Shea · Oct 16, 2024 · at 7:42
Jeff Morris Jr. (Chapter One) discusses quantitative criteria used in the venture industry to determine when a fund graduates from emerging manager status.
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“I've heard like, I think it was Roger Enberg defined it as any fund that's returned one X DPI on all capital they've raised to date. And so you stop Being in an emerging manager, when you actually return every single dollar you've raised, you distribute back to your LPs, then you've graduated from emerging manager status.”
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