Private debt’s emerging manager problem

Chart

New GPs face a tough task to attract investor interest, but there are ways of maximising prospects.

It feels somewhat Scrooge-like to point it out at this time of year but, for emerging managers, goodwill appears to be in short supply. In our LP Perspectives study – to be published early next year – we found 73 percent of investors saying they would not consider backing emerging managers in the next 12 months.