Probitas Partners: Emerging Manager Specialist

Probitas Partners placement agent profile: emerging manager and first-time fund specialist, $50B+ raised, fee structures, ideal client profile.

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Probitas Partners: Emerging Manager Specialist

Probitas Partners

Probitas Partners has carved out a distinctive niche as the premier placement agent for emerging and first-time fund managers. Since founding in 2003, the firm has raised over $50 billion with particular focus on managers launching inaugural and early-stage funds.

Overview

  • Structure: Independent partnership
  • Founded: 2003
  • Headquarters: Menlo Park, California
  • Focus: Emerging managers and first-time funds
  • Capital Raised: $50B+ since inception

Specializations

Manager Profile:

  • First-time funds (Fund I)
  • Emerging managers (Fund I-III)
  • Lower mid-market strategies
  • Specialized investment approaches

Strategy Coverage:

  • Buyout and growth equity
  • Venture capital
  • Sector-focused funds
  • Regional strategies

Competitive Advantages

Emerging Manager Expertise

  • Deep experience launching first-time funds
  • Understanding of emerging manager challenges
  • Realistic expectation setting
  • Patient, consultative approach

LP Network for Emerging Managers

  • Relationships with emerging manager programs
  • Access to LPs focused on Fund I-II investments
  • Family office network
  • Foundations and endowments

Track Record

  • Successfully launched hundreds of first-time funds
  • High success rate with emerging managers
  • Extensive references available

Fee Structure

  • Success Fees: 2-3% of capital raised
  • Minimum Fund Size: $50M+
  • Flexible retainer structures
  • Accommodating for emerging managers

Client Profile

Probitas typically serves:

  • Spin-outs from established firms
  • Former operating executives
  • Sector specialists launching funds
  • Regional middle-market managers

Why Choose Probitas

Ideal For:

  • First-time fund managers
  • Funds $50-300M
  • Managers without existing LP relationships
  • Teams requiring fundraising guidance

Value Proposition:

  • Specialized emerging manager expertise
  • Appropriate LP network
  • Realistic timelines and expectations
  • Consultative partnership approach

Conclusion

Probitas Partners' 20+ year focus on emerging managers makes it the clear choice for first-time and early-stage fund managers. The firm's specialized expertise, appropriate LP network, and proven track record launching hundreds of funds provide emerging managers the best chance for fundraising success.