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INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE.
Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed Jeb J. Altonaga.
A first-time fund, also known as an emerging fund, is an investment vehicle formed by professionals who may lack a senior team with significant private equity experience. “Fundraising for first-time funds has its challenges,” says Jeb J. Altonaga, managing partner of
Clearglass Capital Partners, which specializes in capital market and placement services for boutique firms in the emerging manager space.
“But first-time funds can be very successful. Without legacy issues that might complicate older businesses, and with managers focusing on market segments they know best, there is a high incentive for these founders to succeed. It’s crucial for their first fund to flourish to avoid losses for their backers,” explains Altonaga. His company connects investment opportunities with capital sources and offers tailored solutions to help funds grow and succeed in competitive markets.
Altonaga, who has extensive international experience, including leading Citadel Investment Group’s Asia-Pacific outsourced solutions business and serving as Chief Operating Officer & Head of Distribution at Australia’s Sandon Capital, emphasizes that “building the right team and culture is vital for a successful first-time fund. A strong partnership between the CIO and COO is crucial for operational confidence, and developing a distinctive investment style can set emerging managers apart.”
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