Gatewood Capital Partners Raises $220M For Inaugural Fund May 24 2017 | 10:56pm ET New York-based Gatewood Capital Partners has raised more than $220 million in capital commitments for its debut fund of private equity funds, handily exceeding its $150 million target. The new fund, named Gatewood Capital Opportunity Fund LP, will make strategic seed and sponsorship investments in highly qualified emerging managers by providing significant anchor capital, the company said in a statement. Gatewood expects to launch and invest in more than eight funds over the next three years, with capital sourced from a combination of its discretionary fund and limited partners’ co-investments. “Our investor base includes a broad mix of domestic and international institutional investors, including a number of foundations, family offices, public pension plans, asset managers, insurance companies, and high net worth investors.” said managing partner Oren Monhite Yahav in the statement. “We look forward to further developing our limited partner relationships and expect to make $500 to $700 million in capital commitments over the next three years from our fund and co-investors.” Gatewood’s strategy is largely focused on supporting new managers in launching their funds, the company added, providing them with $50 to $100 million of ‘first close’ LP capital and ongoing marketing support. K&L Gates served as legal advisor to Gatewood Capital Partners. No placement agent was used. Founded in 2014 with backing from several U.S. and European family offices, Gatewood Capital Partners is a private equity firm focused on seeding new private equity managers and making strategic investments in the management companies and general partners of established private equity funds. Underlying fund strategies range across buyouts, debt, mezzanine, direct lending and other credit opportunities, distressed, secondaries and real estate, with a geographic focus on North America and Western Europe. May 24 2017 | 10:56pm ET New York-based Gatewood Capital Partners has raised more than $220 million in capital commitments for its debut fund of private equity funds, handily exceeding its $150 million target. The new fund, named Gatewood Capital Opportunity Fund LP, will make strategic seed and sponsorship investments in highly qualified emerging managers by providing significant anchor capital, the company said in a statement. Gatewood expects to launch and invest in more than eight funds over the next three years, with capital sourced from a combination of its discretionary fund and limited partners’ co-investments. “Our investor base includes a broad mix of domestic and international institutional investors, including a number of foundations, family offices, public pension plans, asset managers, insurance companies, and high net worth investors.” said managing partner Oren Monhite Yahav in the statement. “We look forward to further developing our limited partner relationships and expect to make $500 to $700 million in capital commitments over the next three years from our fund and co-investors.” Gatewood’s strategy is largely focused on supporting new managers in launching their funds, the company added, providing them with $50 to $100 million of ‘first close’ LP capital and ongoing marketing support. K&L Gates served as legal advisor to Gatewood Capital Partners. No placement agent was used. Founded in 2014 with backing from several U.S. and European family offices, Gatewood Capital Partners is a private equity firm focused on seeding new private equity managers and making strategic investments in the management companies and general partners of established private equity funds. Underlying fund strategies range across buyouts, debt, mezzanine, direct lending and other credit opportunities, distressed, secondaries and real estate, with a geographic focus on North America and Western Europe. from FINALTERNATIVES
From my personal experience most new emerging managers would need to have strong pedigree to qualify. When one starts small, without pedigree, around 1mil AUM (mostly friends and family $), breaking 10 is one of the hardest things to do. Then it will get a bit easier, but still hard of course.