On Thursday 14 November 2024 Corvus Group sponsored the PE Wire EU Emerging Managers Summit in London. Co-founders Andrew Brizell and James McCarthy, together with Joe Briggs of BCF (Briggs Capital Formation), hosted two roundtable discussions which focussed on the challenges faced by emerging managers (“GPs”) looking to raise their first fund, the lessons attendees have learned from successful fundraises in the past and prevailing investor expectations. It was interesting to note the commonality of challenges faced by GPs and the broad application of the lessons learned from previous successful fundraises. We very much enjoyed the discussions and in this article we have summarised what we consider to be the key takeaways from them.