The case for emerging managers

2026

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AI-generated summary

1) This paper challenges the conventional view of emerging managers as high-risk, high-reward by analyzing data to determine if their reputation is warranted and if the opportunity has been mischaracterized.
2) * Examines the performance of emerging managers, particularly first-time funds, and their impact on buyout portfolios.
* Analyzes factors influencing emerging manager success, including fund size, founder experience, and team dynamics.
* Provides a playbook for emerging manager selection, outlining key assessment criteria and questions for LPs.
3) Emerging managers, private equity, alpha generation, fund performance, manager selection

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