Fundraising – a game changed
Whether investors are intensely focused on emerging markets, just more reticent to commit capital generally, or simply waiting for more economic certainty, there is no question that fundraising for Australian funds will continue to be difficult. In speaking about CHAMP’s recent successful fundraising, Jones explained that average commitments took three to four meetings to “get there. And even people who passed took two meetings to decide, which adds up to hundreds of meetings in total.”
In short, gone are the days of unearthing the rolodex once every four to five years and calling up investors for a new fund. Philip Levinson, MD for Blackstone, said that today, investors want a very...
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