In this episode of RPM, Ted Panarese and Aditya Fontana-Raina, New York-based Partners on our private equity team, join co-host Anna Marcus to explore whether emerging managers truly represent a disproportionate source of risk, or if the opportunity has been mischaracterized. They cover:

  • Revisiting the case for emerging managers (3:02)
  • What the data says about early-fund outperformance (4:12)
  • The ideal Fund I profile (6:41)
  • Risks with Fund I investing (11:15)
  • Building a disciplined emerging manager playbook (13:52)
  • How LPs should underwrite risk at the program and portfolio level (16:36)
  • Key takeaways (21:32)

Read the transcript here.

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