Five attributes of successful first-time fund managers
Closing a first-time fund remains one of the toughest challenges in the private equity industry. MJ Hudson works with a large number of emerging managers and spin-outs from banks and big asset managers. Here are five attributes that we see in the most successful first-time fund managers:
1. Track record
Most institutional investors regard a firm’s track record and how long its investment team has been together as among the most important factors in their evaluation of GPs competing for commitments. This is among the best evidence that a firm can present to persuade investors that it will safely and profitably put their money to work.
Gresham House Strategic PLC (LON:GHS) has a 5.1% ownership of MJ Hudson correct as of 31 January 2018 month end NAV announcement, released 1 February 2018.