LPs 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 interest in emerging manager funds.

Buyouts will combine your responses with those of other investors to create a statistical report. Your individual submission will remain entirely anonymous, and we will not include your name or your organization'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 useful 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.

Question Title

* 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

Question Title

* 2. What kind of institution do you work for?

Public pension fund

Corporate pension fund

Endowment/foundation

Sovereign wealth fund

Insurance company

Bank/financial company

Family office

Money manager/advisor

Other (please specify)

Question Title

* 3. What kind of alternative investment strategies do you invest in?
(please select all that apply)

Buyout/corporate finance

Venture capital

Growth equity

Distressed debt/turnarounds

Mezzanine

Private debt

Real estate

Direct investments in private companies

Other (please specify)

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* 4. How do you define the term "emerging manager" when it comes to PE/VC?
(please select all that apply)

Firms raising a first institutional fund

Firms raising a first or second institutional fund

Firms raising a first, second or third institutional fund

Firms raising a fund below a certain size

Firms owned/run by women or minorities

Firms with a high employee ownership rate

Other (please specify)

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* 5. How likely you are to invest in the following types of emerging managers?

	Very unlikely	Unlikely	Neutral	Likely	Very likely
Ex-family office GP	Ex-family office GP Very unlikely	Ex-family office GP Unlikely	Ex-family office GP Neutral	Ex-family office GP Likely	Ex-family office GP Very likely
Team spin out from larger firm	Team spin out from larger firm Very unlikely	Team spin out from larger firm Unlikely	Team spin out from larger firm Neutral	Team spin out from larger firm Likely	Team spin out from larger firm Very likely
Individual-led newly launched firm	Individual-led newly launched firm Very unlikely	Individual-led newly launched firm Unlikely	Individual-led newly launched firm Neutral	Individual-led newly launched firm Likely	Individual-led newly launched firm Very likely
Firm with non-PE background moving into PE	Firm with non-PE background moving into PE Very unlikely	Firm with non-PE background moving into PE Unlikely	Firm with non-PE background moving into PE Neutral	Firm with non-PE background moving into PE Likely	Firm with non-PE background moving into PE Very likely

Question Title

* 6. What is the primary purpose of your emerging managers program?

Portfolio diversification benefits

Investing in minority- or female-owned managers

Superior returns

Targeting specialized strategies

Other (please specify)

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* 7. "The risk/return profile for emerging managers is attractive at the moment versus established managers"

Strongly agree

Agree

Neither agree nor disagree

Disagree

Strongly disagree

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* 8. Will you back a debut PE/VC fund?

Yes

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* 9. Will you back a manager raising its second fund?

Yes

Question Title

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

Question Title

* 2. What kind of institution do you work for?

Question Title

* 3. What kind of alternative investment strategies do you invest in? (please select all that apply)

Question Title

* 4. How do you define the term "emerging manager" when it comes to PE/VC? (please select all that apply)

Question Title

* 5. How likely you are to invest in the following types of emerging managers?

Question Title

* 6. What is the primary purpose of your emerging managers program?

Question Title

* 7. "The risk/return profile for emerging managers is attractive at the moment versus established managers"

Question Title

* 8. Will you back a debut PE/VC fund?

Question Title

* 9. Will you back a manager raising its second fund?

* 3. What kind of alternative investment strategies do you invest in?
(please select all that apply)

* 4. How do you define the term "emerging manager" when it comes to PE/VC?
(please select all that apply)