Raising capital in current market conditions presents some significant challenges, impacting aspiring fund managers looking to launch their first funds. While the case for investing in promising new talent is compelling, there are associated costs with performing thorough due diligence, and possibly even a lingering perception of career risk among allocators.
Fundraising for First-Time Managers: A guide to raising capital explores why the premise to invest in first-time managers remains intact and what headwinds GPs looking to make it on their own face in the current fundraising environment.