« back to reports
Q2 2024
PitchBook Analyst Note: Establishing a Case for Emerging Managers
April 29, 2024
The upside of up-and-coming managers
Established managers have a significant edge in the downtrodden fundraising market—and with good reason. They have earned trust with LPs and can pin their reputation on real returns.
But there is a risk to overlooking upstarts. The data shows that the top emerging managers in multiple strategies can offer higher upside potential than tried-and-true firms, PitchBook analysts detail in our latest note. The report examines performance trends across buyout, venture, real estate, and private debt funds.
Table of contents
Established managers have a significant edge in the downtrodden fundraising market—and with good reason. They have earned trust with LPs and can pin their reputation on real returns.
But there is a risk to overlooking upstarts. The data shows that the top emerging managers in multiple strategies can offer higher upside potential than tried-and-true firms, PitchBook analysts detail in our latest note. The report examines performance trends across buyout, venture, real estate, and private debt funds.
Table of contents
| Key takeaways | 1 |
| Overview | 2 |
| Age is not just a number | 3 |
| Buyout | 6 |
| Venture capital | 9 |
| Real estate | 13 |
| Private debt | 16 |
| Concluding remarks | 19 |