Funds that just closedFirst and second funds, the last six months

Emerging managers

First and second funds

A first or second fund is the hardest thing in this industry to keep track of — the manager is new, the fund is small, and the trade press covers the closing once and moves on.

For completeness

Other closings in the same window

Same window, same sourcing. These are listed without a fund number: either the fund is a later one, or the report we are citing does not say which fund it is, and we are not willing to assert an ordinal that our own source does not state.

Method

What is and is not on this page

Every row links to the announcement that reported the closing — the firm’s own post, a press release, or trade coverage. A closing with no citation is not listed, however confident we are that it happened, and a citation that has stopped resolving is removed.

A fund number is printed only where the cited headline states it. That is a blunt test as well as a strict one: it reads headlines, not article bodies, so a fund whose report calls it a debut in the third paragraph still lands in the second table. The error runs one way on purpose — we would rather list a first fund without saying so than tell you a firm is on its first fund because our records say so and its own announcement does not.

A closing we cannot confirm is left out entirely. If the publication blocks us and the headline alone does not establish that a fund closed, the row comes out rather than going in with a caveat attached.

Sizes are as reported, in the currency the report used, converted where necessary. A first close and a final close are both described as closings, because that is how they are announced.

We do not publish anything about these firms beyond what their own announcements say. No thesis, no focus, no contact details, and no assessment of any kind.