Emerging Managers
First and second institutional funds. Allocators are backing a team before its record is long, so the first close and its anchor investors carry the raise.
Learn moreCapital Raising Mandates
A full mandate runs a raise from senior review and positioning, through our network, every investor meeting and diligence, to final terms and the last side letter. One team takes the mandate and stays on it until the capital is committed.
The raise in context
Most open raises have not reached a first commitment. A full mandate is built to carry a raise past that point.
01
Where open raises stand
Of 951 open private offerings of $50 million or more, 567 reported nothing sold on their latest filing. Of the $149.3 billion sought, $129.8 billion is still to be raised.
02
Our network goes first
The raise goes first to the over 200 investor relationships we hold across pension funds, sovereign wealth funds, endowments, family offices and private wealth in the United States, Europe and the Gulf.
03
One team, start to close
Whoever wins the mandate also runs it. You do not meet one team in the first conversations and a different one once the engagement is signed.
Source: SEC EDGAR Form D filings, twelve months to July 2026. Inaya Advisory analysis, published in Open private raises.
The mandate
A mandate is accepted after senior review, and the people who accept it run every stage that follows, through to the final close.
Prepared before the market
Senior review and positioning come first. The materials and terms are finished, and the order of approach is set, before any investor hears about the raise.
Our network, in sequence
The raise goes first to the investors we work with, in the order most likely to bring early commitments. Wider reach follows only where our network does not cover the raise.
Meetings, diligence and close
We prepare every investor meeting with you and attend those that decide the outcome. Diligence is answered as it arrives, through final terms and side letters to close.
When managers come to us
A full mandate usually begins with one of these situations.
01
If you need an anchor investor, come to us.
The first commitment decides how every investor after it reads the raise. We take the raise to the investors most likely to anchor it, in a set order, before the market has formed a view.
02
If the deck is not getting past a first read, come to us.
We rebuild the materials around the questions an investment committee asks, so the answers are on the page before the meeting.
03
If you are raising a first institutional fund, come to us.
Allocators are asked to back a team before its record is long. We build the case around who made each result and how the raise reaches its first close.
04
If a successor fund needs a wider investor base, come to us.
Re-ups and new institutions are prepared in parallel, so the record opens doors and the preparation decides how far the raise goes.
05
If the committee meeting is in two weeks, come to us.
We prepare the manager for the questions that decide the meeting, with the track record, terms and data room ready for diligence.
06
If the terms are being questioned, come to us.
We review the terms against the market before an investor does, and we tell the manager what to change.
Who we raise for
We take mandates from fund managers, sponsors and founders raising equity, from US$100 million to several billion.
Established Managers
Successor funds, where re-ups from existing investors open the raise and new allocators widen the base for a larger fund.
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Companies & Sponsors
Growth equity, sponsor-led transactions and co-investment equity, raised for a single company or a single transaction.
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Real Assets Sponsors
Equity for real estate and infrastructure through funds, programmes and individual projects, with each asset prepared for diligence.
Learn moreInvestor Relations
When the raise closes, the relationships it opened stay with us. We keep your investors informed between funds, so the next raise opens with investors already in conversation.
Learn moreTargeted Introductions
Where a raise is already prepared and running, and needs one investor or a small number of them, an introduction may suit it better than a full mandate.
Learn morePositioning & Materials
The materials a committee reads, prepared on every mandate before any allocator is approached, with the raise set against the funds it competes with.
Learn moreNews & Insights
What the market shows about raises in progress
Open private raises: $129.8 billion still unraised
How much remains to be raised across open offerings of $50 million or more, and how long they have been open.
What separates the raises that reach a first close
A first close with a date and a figure, and an anchor investor who commits before the others.
How a raise runs
The eight stages of a full mandate, what happens at each and who owns it.