Launching is easy; fundraising is harder.
I’ve been fortunate to be a partner at two different VC firms over the past nine years, and we’ve grown AUM 10x both times.
Based on my experience, taking the 15 steps below will help build the core of a high-performing fundraising and investor relations function.
1. Build the firm as much as possible before soliciting LPs
The more baked you are, the more investable you are. The best possible move is to invest in and warehouse some special purpose vehicles that fit your strategy. However, that may distract you from the larger goal of raising a fund, not just a special purpose vehicle.
Georgia Companies Join A Day for Democracy Initiative and Pledge to Help Their Employees Vote
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Apollo Named to Newsweek s 2021 America s Most Responsible Companies List | Money
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Apollo Named to Newsweek’s 2021 America’s Most Responsible Companies List
Nachrichtenquelle: globenewswire | 16.12.2020, 14:00 | 110
Firm is the Only Alternatives Manager to Obtain the Distinction NEW YORK, Dec. 16, 2020 (GLOBE NEWSWIRE) Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo” or the “Firm”) has been named as one of America’s Most Responsible Companies by Newsweek and Statistic Inc. in recognition of its corporate performance in environmental, social and governance areas as well as corporate social responsibility. Apollo, ranked 194th on
Newsweek s400-companylist, was the only alternative asset manager recognized. In earning this distinction, Apollo was evaluated amongst the top 2,000 US-based companies by revenue for its ESG performance
The Institutional Limited Partners Association (ILPA), the global organisation of investors in private equity, has just announced the founding signatories of its newly launched Diversity in Action Initiative. They include some of the industry’s biggest general partners – Apax, Apollo, Blackstone, Carlyle, General Atlantic, Hellman & Friedman, KKR, Silver Lake, TPG – as well as a number of limited partner investors and pension funds.
The initiative is designed to advance – and to highlight – diversity, equity and inclusion (DEI) within the private equity industry. It follows on the group’s diversity and inclusion roadmap published in February 2020.
Rather than just commitments, the initiative has four so-called foundational required activities for members: a DEI statement or strategy, communicated publicly and internally, addressing recruitment and staff retention; internal tracking of hires and advancement by gender and ethnicity; organisational goals demonstrably advan