Emerging manager
An investment manager meeting an allocator’s definition of an early-stage or smaller manager. Criteria can include assets under management, fund size, organizational history and track record; they are not limited to Fund I or II.
Emerging manager in practice
Hypothetical: a team raises its first independent fund after building investment experience elsewhere. An allocator examines that prior record and the proposed staffing, controls and terms; fund number alone establishes neither quality nor operational capacity.
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| Dimension | Relevant question |
|---|---|
| Investment history | What attributable experience does the team have? |
| Operations | What staffing, systems and controls support the fund? |
| Program eligibility | Which allocator-specific criteria apply? |
| Terms and commitment | What is appropriate for this mandate and risk? |
Terms Related to Emerging manager
GP · LP · Key-person risk · Fund life · All of the glossary