Churchill says emerging PE managers remain overlooked

Churchill says emerging managers remain overlooked in private equity despite accounting for a large share of new fund launches in the U.S. middle market, in a report published by Emerging Manager Monthly on Oct. 7.

The published item frames emerging PE managers as an overlooked source of alpha but gives no launch count, share or definition of an emerging manager.

For a fund selector, the gap is a screening question: a policy that screens out emerging managers narrows the opportunity set by rule, leaving the size of that exclusion unquantified.