Emerging managers grab LP attention

Monarch Butterfly, Milkweed Mania, baby born in the nature.
  • More than half of LPs with $10 bln-plus AUM would back first-time funds
  • CalPERS, Texas TRS graduate firms from EM programs
  • More investors eyieng anchor commitments
Some private equity firms age like fine wine, churning out top-performing vehicles vintage after vintage. Others turn to vinegar over time, forcing limited partners to find new firms — and new faces — to deliver top-shelf returns. Enter: emerging managers. “We have ...

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