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First Republic Bank shares Fundraising Best Practices for Emerging Managers: How to successfully raise Fund II
Emerging managers are key players in the venture capital (VC) space, with the potential to steer founders to successful exits and deliver significant returns for investors. To cement their position as a powerful segment of the venture community, emerging managers need to maintain momentum as they work to successfully close Fund II. On average, emerging managers take 19 months to successfully raise a fund.
At a virtual panel discussion hosted by Level Ventures, First Republic Bank and All Raise, a panel of fund managers and limited partners (LPs) shared advice and insights on how to take the leap from Fund I to Fund II. Many emerging managers faced real fundraising challenges in 2020, due to the effects of coronavirus, panelists say, but big opportunities now lie ahead. By building relationships, staying focused and playing to their strengths, emerging managers can successfully raise Fund IIs — and show they have what it takes to build the powerhouse VC firms of the future.