Publications

- January 1, 2014: Vol. 26, Number 1

To read this full article you need to be subscribed to Institutional Real Estate Americas

Allstate launches emerging manager program

by Reg Clodfelter

 

Allstate Investments has launched its first emerging manager program — welcome news to the small investment firms that have been operating in an excruciatingly challenging fundraising environment.

At stake is $100 million that Allstate will be divvying out to up-and-coming managers.

Between 2010 and 2012, 74 percent of the 302 North American emerging managers were unable to raise any capital, and only 10 percent achieved a close. With 50 percent of available capital divided among the 10 largest firms, according to data from EY, Allstate’s new program, headed by Edgar Alvarado, will be able to provide a handful of small firms a welcome commitment.

Alvarado says he expects the $100 million to be divided among firms with strong investment track records that are raising their first, second or third institutional funds and have less than $500 million in assets under ma

Forgot your username or password?