Video: Asante’s Hibbert discusses first-time fundraising

Source: unquote | 16 Oct 2013 | screening image

As a surprisingly high number of newcomers reach successful fund closes despite continued turbulence in the fundraising market, Warren Hibbert of Asante Capital explains how maiden vehicles are finding success where many well-established players are falling by the wayside.

According to Hibbert, founding and managing partner of placement agent Asante, to explain the speed in which first-time funds are raising when compared to long-standing brand names, the fundraising market must be looked at from a broader context. "There's no automatic fundraising. And the market is bifurcated; there are smaller managers with high performance who are raising very quickly, and at the larger end of the market the bigger players who are raising at target or above target but are taking a lot longer."

Hibbert believes the pace at which the two types of funds are raising capital is a case of how much planning and thought has gone into the fundraising process.

"Then there are the funds in between these two groups, which some might label as zombie funds. Those funds without any differentiation that are struggling to stand out from the crowd, or those that are doing something completely different and haven't been able to find the right LPs to back them." Hibbert goes on to say that some of these funds might manage to raise somewhere close to their target, or not at all.

Hibbert emphasises that the common factor in whether the small, large or middle-of-the-road funds raise at all, is in their ability to reach a first close. "A first close effectively means you're in business; that you have enough cash to put together some form of diversified portfolio."

Hibbert also discuss the types of investors that are willing to back first-time funds and the main challenges impacting the fundraising market today.

Visitor Comments


Add your comment

We won't publish your address
By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication.


Industry news

DHB sale to face regulatory scrutiny

Strategic buyers are preferred by regulators according to credit agency Fitch

DACH unquote

| 28 Aug 2014 | secure

Ropes & Gray appoints Travers Smith's Sanderson

Mid-market M&A specialist joins as partner in London office


| 27 Aug 2014 | secure

SL Capital purchases Pantheon stake

Deal understood to be SL's third transaction from debut secondary fund


| 27 Aug 2014 | secure

Warburg Pincus hires Rene Obermann

GP closed its German office last month, losing its German managing director

DACH unquote

| 26 Aug 2014 | secure

Updating your subscription status Loading


Steve Cockell of RBS

Steve Cockell, RBS

RBS has named Steve Cockell as head of London origination

More people news

Sarah Ledwidge of Business Growth Fund

Business Growth Fund (BGF) has appointed Sarah Ledwidge as investment manager in its Bristol Office

More people news

Sam Archer of Downing

Downing has appointed Sam Archer as investment director in its unquoted investment team.

More people news

Oliver Felsenstein of Clifford Chance

Oliver Felsenstein, Clifford Chance

Clifford Chance has promoted Oliver Felsenstein to head of corporate advisory in the company’s German office

More people news


Michael Falzon, Catalyst Corporate Finance

Michael Falzon spent eight years at Deloitte

More people news



unquote British Private Equity Awards

Date: 02 Oct 2014
Location: London, UK

unquote" DACH Private Equity Forum

Date: 07 Oct 2014
Location: Munich, Germany

unquote" Italia Private Equity Forum

Date: 12 Nov 2014
Location: Milan, Italy

Forum unquote” Italia sul Private Equity

Date: 12 Nov 2014
Location: Milan, Italy

Chartis Report: Operational Risk Management Systems for Financial Services 2013

This report covers the specific technologies required for firms to improve their ORM processes.


The optimization of everything: OTC derivatives, counterparty credit risk and funding

The global financial crisis has created much excitement over counterparty credit risk (CCR) and, in recognition of this, banks have been improving their practices around CCR.

Email Alerts