Tracking Spinouts

Want to be the first to know about a new fund launch? OWL's alerts can help you stay ahead! OWL’s data covers more than 12,000 fund managers across asset classes, including detailed profiles of over one million people working at those firms. Team changes are now included in OWL’s email alert system, helping our customers monitor important events like departures and new hires for the managers they track on the platform.

OWL is on a mission to build the best platform for allocators to find and monitor fund managers. For monitoring managers, team change alerts are a tool I wished existed when I worked as an allocator at large endowment funds. A core part of my job was closely monitoring the managers we invested with, and we always wanted to talk to senior team members who joined or left those firms. While many managers proactively communicated these events to us, that wasn’t always the case!

This is also a powerful and unique tool to source emerging managers. While our platform tracks a variety of public disclosures, OWL’s people data is often where new managers initially appear, often well before they raise capital or start to invest.

Recent Spinouts Sourced from OWL’s People Data

To highlight the value of our people alerts, we looked through our data for early-stage managers that recently spun out of well-regarded firms. OWL users received a list of 30 spinouts based on this analysis, and we’ve included four below as examples. These four new launches would have been flagged via our email alerts to any OWL users following TCI, Echo Street, WindAcre, or Coatue.

• Advaya Investment Partnership

  • Location: London

  • Key Person: Sourav Choudhary

  • Previous Firm: TCI

• Sone Capital

  • Location: New York

  • Key Person: George Panos

  • Previous Firm: Echo Street

• 24A Capital

  • Location: Houston

  • Key Person: Bryce Marx

  • Previous Firm: WindAcre

• Panvira Management

  • Location: Bangalore

  • Key Person: Vaibhav Singh

  • Previous Firm: Coatue

This search focused on fundamental equity managers, but OWL users can use our alerts to track turnover and spinouts from any type of manager, including pod shops, PE, VC, credit funds, etc. There are many ways to source early-stage managers in OWL, and we’re excited about this powerful tool!

In addition to people changes, OWL’s email alerts include new stock transactions detected in our global ownership database, business updates (capital raised, new funds launched, etc.), and more coming soon! If you’d like to learn more about how to use OWL to get these timely alerts, reach out!

Other News & Events

• Capital Allocators podcast with Matt Bank of GEM, discussing risk, asset allocation, and manager selection

• Interview with Chris Dion of Brockenbrough on small buyout funds

• A profile of VCU Investment Management

• Hound Partners sues Tiger Management over seed arrangement 

• Bridgewater co-CIO buys $12 million house in Hong Kong 

• Interview with retiring McArthur Foundation CIO on manager selection vs. asset allocation 

• University of Illinois returned 10.6% in FY24 

• Tufts returned 9.4% in FY24 

• Claremont McKenna returned 12.3% in FY24 

• Virginia Tech is hiring an Investment Manager 

• Michigan is hiring an investment analyst

• Virginia Retirement is hiring a private equity investment analyst 

• LACERA is hiring a senior investment officer for private equity 

• JM Family is hiring an investment portfolio manager 

• Wellcome Trust is hiring an Associate Director

About Old Well Labs

OWL is an intelligence platform built for allocators, by allocators. Leading endowments, foundations, and family offices use the system to find, monitor, and connect with thousands of fund managers globally. OWL's analytics engine has collected over one billion data points from 65 countries. We make it easy for allocators to find and track information about the managers they care about – not just positions but also performance analytics, people data, business information, and details about the manager investments of other allocators.

Disclaimers

Returns represent the return on invested capital of publicly disclosed long positions, as calculated by OWL. Actual returns may vary based on a number of factors, including (but not limited to) undisclosed positions, short exposure, non-equity holdings, cash holdings, and lagged disclosure of positions.

This newsletter and the material on the Old Well Labs platform are for informational purposes only and should not be considered investment advice or a recommendation of any particular security, manager, or strategy. Old Well Labs shall not be liable for any investment gain or loss that may occur from the use of this material. No part of this material may be reproduced in any form or used in any publication without express written permission from Old Well Labs.