Emerging Managers Launch Guide

Published on: September 16, 2025

Executive Overview

The private equity industry, managing over $22 trillion globally in 2025¹, presents substantial opportunities for emerging managers but requires strategic clarity and operational discipline. Launching a private equity firm and raising a fund is both an entrepreneurial and institutional endeavor—one that demands a blend of vision, credibility, and executional excellence. At its core, the process involves more than just identifying attractive investment opportunities; it requires building a trusted platform that attracts capital from investors, establishes a disciplined investment strategy, and cultivates the expertise and infrastructure necessary to create long-term value.

This guide provides an actionable framework for launching your private equity firm and fund, covering strategy, operations, compliance, fundraising, valuations, and technology.

Quick-start Roadmap

1. Develop comprehensive business plan
2. Build operational infrastructure
3. Establish regulatory compliance
4. Structure fund and raise capital
5. Implement valuation discipline