First-time PE managers on the comeback trail
Although investors made allocations exclusively to their existing managers during 2020 due to the pandemic, first-time fund managers are likely to make a comeback, Seward & Kissel predicted in its 2021 outlook.
The lack of in-person communication impacted private equity investor’s ability to conduct traditional due diligence. As a result of this COVID-19 challenge, a number of emerging managers planned to wait to launch until in-person meetings were possible again, according to the law firm.
Seward & Kissel predicts that now with vaccines raising hopes of a return to normalcy . . .
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