SEDMI and emerging-manager program diligence

Emerging-manager programs have different remits. Check the eligibility definition, then show the investment case and the evidence behind the team’s access.

This library uses SEDMI, Social Equity and Diversity in Markets and Investment, as an archetype for conversations about access and emerging-manager programs. It is not a universal institutional mandate. Check the actual program’s definition and objectives, then explain the team, track record, strategy and resources that support this fund.

What this archetype looks for that GPs underestimate

The investment case. Show how the team’s experience and access support the strategy. Neither identity nor emerging-manager status is a performance guarantee.
Network durability. Whether the GP's access to differentiated deal flow is a renewable, ongoing relationship-building practice or an artifact of a prior role that will decay over time.
Downstream accountability. A GP who can explain how the fund serves the LP's own diversity and inclusion mandates, beyond the composition of the GP team itself.

Make the case specific to this fund

Explain which opportunities the team can reach and why it is equipped to invest in them. Connect the claim to documented experience rather than assuming research about a broad category proves this fund’s advantage. Keep the program’s eligibility criteria distinct from the investment case.

Diverse-owned firms increased their share of private market deals at 25 percent annually from 2018 to 2022, nearly twice the growth rate of deals completed by non-diverse firms. Source, BCG and Cambridge Associates, March 2024.

Respond to concerns with the relevant evidence

If an LP raises a disappointing prior investment, ask which issue it is concerned about. Explain the relevant facts about your own team and plan. Do not attribute another fund’s outcome to configuration or identity without evidence about that fund.

Get your fit read for this archetype

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One PDF or DOCX, up to 15 MiB. Three successful free reads are shared across the library; no account is needed. This is an initial review, not an eligibility decision or a fund rating.

Perspectives by Colibrí Strategies: practical notes for GPs and the LPs who back them.

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Where this leads in Blueprint

In the productEvaluator LensThe Evaluator Lens checks your network-durability and attribution evidence, narrowed to the SEDMI archetype.

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What this archetype looks for that GPs underestimate

The investment case. Show how the team’s experience and access support the strategy. Neither identity nor emerging-manager status is a performance guarantee.

Network durability. Whether the GP's access to differentiated deal flow is a renewable, ongoing relationship-building practice or an artifact of a prior role that will decay over time.

Downstream accountability. A GP who can explain how the fund serves the LP's own diversity and inclusion mandates, beyond the composition of the GP team itself.

Make the case specific to this fund

SEDMI and emerging-manager program diligence

What this archetype looks for that GPs underestimate

Make the case specific to this fund

Respond to concerns with the relevant evidence

One answer like this every week

Rehearse the questions this LP is likely to ask.

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SEDMI and emerging-manager program diligence

What this archetype looks for that GPs underestimate

Make the case specific to this fund

Respond to concerns with the relevant evidence

One answer like this every week

Rehearse the questions this LP is likely to ask.