In a market defined by slower distributions and tighter capital, customization is becoming the price of admission in middle market fundraising. Separately managed accounts and fund-of-one vehicles are rapidly moving into the mainstream, giving LPs greater say over how and when capital is deployed. For middle-market managers, the ability to offer tailored mandates is increasingly separating those who raise capital from those who don’t.

To read the entire story, you must be logged in.
Please log in now or register with us.