The New Emerging Funds in Los Angeles
We have all heard the observations that there are trillions of dollars of undeployed private equity capital sitting on the sideline and the adage that there are too many dollars chasing too few deals. How is it then in this current market we have so many new emerging funds and managers who are raising their first round of committed capital? Join us for an insider’s look into the startup of these new funds from the perspective of five distinguished founding partners as we attempt to address that question and more.
For many of you who have or will be thinking one day of venturing out to start your own PE firm, our panelist, with their decades of experience and success, will provide an account of how they blazed their own path…and how you can to.
- Hear their stories of why they left larger established funds to strike it out on their own in a very overcrowded and hypercompetitive PE market.
- The trials it took that first year without the cushion of a management fee and how they made it work and survived
- As stewards of their own fund, how they went about building a firm grounded in their own investment philosophy while creating a business culture (both internally and externally) in their image
- The scrappiness it took to closing deals as a fundless sponsor and the determination and resolve it took raise their first institutional capital
Panel Chair: Tuan Hoang, BDO
