A First-time Fund Manager is an Investment Manager that is raising and managing its first Alternative Investment Fund and therefore lacks an established track record in managing AIFs or similar pooled investment vehicles, though the team may have prior individual experience in investments.
Further, An Investment Manager that has prior experience in managing an AIF in one category (e.g., debt) but is launching a fund in another category (e.g., equity) will be considered a first-time fund manager for that specific strategy, due to the absence of a demonstrated track record in the new category, and vice versa.
Order
20