The LP View

Emerging managers attract renewed institutional interest: Unigestion

Emerging managers’ DPI is generally higher than that of established managers, said Kim Pochon.

About 15% of its NAV is in investments classified as ‘contributing to solutions’.

Secondary funds account for more than 23% of the firm’s AUM.

Buyers have become highly selective, focusing on whether there is a viable exit path.

Compared to the VC industry, which has a long history in Taiwan, the PE fund business is still in its infancy.

The expected changes have driven a clear decline in new PE fund commitments by Taiwanese insurers.

The quasi-sovereign investment manager is in talks with both foreign and domestic LPs to garner the capital.

LPs value mega-funds’ scale, cross-cycle resilience & governance levers.

‘With the right capitalisation, these managers can deliver the alpha expected of them’

Co-investment rights are now included in LP agreements.