GPs 2022: The Emerging Manager Report, published by Buyouts, in partnership with Gen II Fund Services Survey

Thank you for taking 10 minutes to answer questions about your fundraising program.

Buyouts will combine your responses with those of other next-generation PE/VC fund managers to create a statistical report. Your individual submission will remain entirely anonymous, and we will not include your name or your firm's name in the report.

In return for your participation, Buyouts will send you a pre-publication version of the report. That will let you get a jump on your peers in taking advantage of this valuable benchmarking tool. You can also opt for either a $5 UNICEF donation which we will make on your behalf or entry into a prize draw to win a $100 Amazon voucher.

If you have any questions about the survey, please contact Evie Taylor at evie.t@peimedia.com.

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* 1. As a thank you for completing the survey, which of the following would you like?

A $5 donation to UNICEF

Entry into a prize draw to win one of five $100 Amazon vouchers

Neither of the above

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* 2. What year was your firm founded?

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* 3. What kind of investment strategy does your firm pursue?
(please select all that apply)

Buyout/corporate finance

Venture capital

Growth equity

Distressed debt/turnarounds

Mezzanine

Private debt

Real estate

Other (please specify)

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* 4. What is your firm's heritage?
(please select all that apply)

Family office

Team spin out from larger firm

Firm launched by an individual

Non-PE background

Other (please specify)

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* 5. Would you consider your firm to be:

Specialist in a single sector

Specialist across a few sectors

Generalist

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* 6. How do you perceive market sentiment around emerging managers right now?

	Strongly agree	Agree	Neither agree nor disagree	Disagree	Strongly disagree
The market is bifurcated. Established managers get the bulk of the capital and LPs are much less enthusiastic about emerging managers	The market is bifurcated. Established managers get the bulk of the capital and LPs are much less enthusiastic about emerging managers Strongly agree	The market is bifurcated. Established managers get the bulk of the capital and LPs are much less enthusiastic about emerging managers Agree	The market is bifurcated. Established managers get the bulk of the capital and LPs are much less enthusiastic about emerging managers Neither agree nor disagree	The market is bifurcated. Established managers get the bulk of the capital and LPs are much less enthusiastic about emerging managers Disagree	The market is bifurcated. Established managers get the bulk of the capital and LPs are much less enthusiastic about emerging managers Strongly disagree
Investor sentiment for emerging managers is strong. LPs are willing to back new managers with compelling products	Investor sentiment for emerging managers is strong. LPs are willing to back new managers with compelling products Strongly agree	Investor sentiment for emerging managers is strong. LPs are willing to back new managers with compelling products Agree	Investor sentiment for emerging managers is strong. LPs are willing to back new managers with compelling products Neither agree nor disagree	Investor sentiment for emerging managers is strong. LPs are willing to back new managers with compelling products Disagree	Investor sentiment for emerging managers is strong. LPs are willing to back new managers with compelling products Strongly disagree
Only emerging managers led by PE executives with strong experience with top tier firms will raise easily in this market	Only emerging managers led by PE executives with strong experience with top tier firms will raise easily in this market Strongly agree	Only emerging managers led by PE executives with strong experience with top tier firms will raise easily in this market Agree	Only emerging managers led by PE executives with strong experience with top tier firms will raise easily in this market Neither agree nor disagree	Only emerging managers led by PE executives with strong experience with top tier firms will raise easily in this market Disagree	Only emerging managers led by PE executives with strong experience with top tier firms will raise easily in this market Strongly disagree
In a post-Covid world, emerging managers will struggle to raise more capital than before the pandemic	In a post-Covid world, emerging managers will struggle to raise more capital than before the pandemic Strongly agree	In a post-Covid world, emerging managers will struggle to raise more capital than before the pandemic Agree	In a post-Covid world, emerging managers will struggle to raise more capital than before the pandemic Neither agree nor disagree	In a post-Covid world, emerging managers will struggle to raise more capital than before the pandemic Disagree	In a post-Covid world, emerging managers will struggle to raise more capital than before the pandemic Strongly disagree

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* 7. Has your firm utilized seed funding from the following sources?

	Yes	No
Family offices	Family offices Yes	Family offices No
Institutional investors	Institutional investors Yes	Institutional investors No
Former employees	Former employees Yes	Former employees No
Investment firms with specific strategy of GP seeding	Investment firms with specific strategy of GP seeding Yes	Investment firms with specific strategy of GP seeding No

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* 8. Are you currently fundraising?

Yes

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* 1. As a thank you for completing the survey, which of the following would you like?

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* 2. What year was your firm founded?

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* 3. What kind of investment strategy does your firm pursue? (please select all that apply)

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* 4. What is your firm's heritage?(please select all that apply)

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* 5. Would you consider your firm to be:

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* 6. How do you perceive market sentiment around emerging managers right now?

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* 7. Has your firm utilized seed funding from the following sources?

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* 8. Are you currently fundraising?

* 3. What kind of investment strategy does your firm pursue?
(please select all that apply)

* 4. What is your firm's heritage?
(please select all that apply)