Alternative Views with New Catalyst’s Jason Howard
In Alternative Views, Private Equity Wire® goes behind closed doors with those in the know to get the latest on private markets. In this episode we discuss emerging managers and independent sponsors with Jason Howard, founder of New Catalyst Strategic Partners.
In the latest episode of Alternative Views, Private Equity Wire® delves behind the scenes with Jason Howard, the visionary founder of New Catalyst Strategic Partners. Howard established the firm in January 2024, transitioning from his previous role at GCM Grosvenor, where he managed a diverse manager private equity platform. New Catalyst, bolstered by a strategic partnership with Apollo, focuses on investing in and nurturing the expansion of emerging managers.
The timing of this discussion is crucial, as longer investment horizons in private equity are driving limited partners (LPs) towards emerging managers in search of superior returns. Simultaneously, some top-performing managers are contemplating a strategic move to spin out from their established firms due to the challenges of long-term distribution schedules.
During the conversation, Howard sheds light on several key aspects. At 1:07, he explores the motivations behind general partners (GPs) choosing to spin out, offering insights into their strategic considerations. From 4:12, the focus shifts to the performance of first-time funds managed by these emerging managers, highlighting the levels of outperformance that set them apart in the competitive private markets landscape.
Howard also delves into the barriers that emerging managers often encounter, addressing challenges that could hinder their growth and success, as noted at 6:23.
At 10:25, the discussion turns to the characteristics that make emerging managers successful, providing a roadmap for those looking to thrive in the private equity arena. Lastly, Howard provides an update on New Catalyst’s current portfolio, offering a glimpse into the firm’s strategic investments and the promising ventures they have on the horizon.
Written by urgent.news from Private Equity Wire's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
