Partnering for Growth and Success on the First Mile

Emerging Asset Managers:

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Launching a fund is a complex and pivotal undertaking. The earliest decisions you make - especially around selecting service providers - can shape the trajectory of your asset management firm for years to come.

At PwC, we understand the unique challenges emerging asset managers face as they enter the asset management industry. Beyond just compliance and reporting, including audit and tax services, you need trusted advisors who offer deep expertise, responsiveness, and a shared commitment to your long-term success.


Why service provider selection matters more than ever

In today’s dynamic market, outsourcing, managed services, and collaboration with external partners aren’t optional - they’re essential strategic levers for emerging managers. These critical partnerships often begin before a single investment is made and continue to evolve throughout your growth journey.

Choosing the right service providers early means assembling a trusted network that supports you at every step - whether you’re structuring funds, navigating complex regulatory regimes, managing tax-efficient strategies, scaling operations, or responding to the shifting market landscape.


Thorough, integrated solutions for emerging managers

Launching your fund requires more than compliance. It demands strategic guidance and operational readiness across multiple fronts:

Audit services

Facilitating transparent, rigorous financial reporting that meets investor and regulatory expectations, giving your fund credibility and confidence.

Tax Advisory

Designing and implementing tax-efficient fund structures and strategies that optimize your after-tax returns and help you navigate complex multi-jurisdictional requirements.

Fund Structuring & Governance

Advising on economic arrangements, governance frameworks, and regulatory compliance tailored to your fund’s strategy and investor base.

Regulatory Navigation

Anticipating evolving regulatory expectations and guiding you through global compliance landscapes.

Operational Support

Helping scale your back-office, risk management, and reporting functions in step with your growth plans.

AI Solutions

Harness AI-driven insights to enhance investment decisions, streamline operations, and manage risk. Automation of routine tasks like data reconciliation and compliance enables your team to focus on strategic growth and maintain a competitive edge.


Four essential criteria for selecting your service providers

1. Deep expertise and industry credentials

Emerging asset managers face steep learning curves. Engage providers who have “been there” and deeply understand your sector.

  1. Look for firms with proven qualifications and track records in audit, tax, and fund services.
  2. Make sure your engagement leads bring relevant, hands-on experience.
  3. Conduct thorough reference checks - these will validate quality and connect you to a broader network.

2. The right team

Your service provider works hand-in-hand with your team to support your goals.

  1. Know exactly who will manage day-to-day interactions.
  2. Confirm cultural alignment and capacity to support evolving needs, especially important in audit cycles and tax reporting deadlines.

3. Responsiveness

Timely, clear communication is critical.

  1. Assess responsiveness throughout RFP and onboarding phases.
  2. Early impressions predict future service reliability, particularly during time-sensitive audits and tax filings.

4. Fair fees for quality service

Cost matters, but value matters more.

  1. Understand pricing structures fully to avoid unexpected increases.
  2. Avoid providers whose low upfront fees mask long-term costs.
  3. Balance cost with the quality, expertise, and network access you receive.

Our commitment: Growing with you

At PwC, your first fund is just the beginning of a shared journey. We want to grow with you - leveraging our deep industry knowledge and broad market insights to transfer leading practices and empower you to build a fund manager legacy. Through close collaboration, we tailor our services to your vision and goals, enabling you to compete and thrive today - and for years to come.

Our integrated audit, tax, and advisory teams combine global market intelligence with practical experience, helping you anticipate LP concerns, refine terms, and meet investor expectations with confidence.


"Choosing the right service providers early is vital to shaping your fund’s long-term success. Emerging asset managers need trusted advisors with deep expertise and a commitment to support growth through every challenge. At PwC, we partner with you from day one, helping you build a strong foundation to confidently navigate complexity and scale your business.”


Your fund’s future starts now

The decisions you make today will shape your firm’s legacy tomorrow. At PwC, we don’t just offer services - we build trusted relationships that support emerging asset managers to scale, adapt, and succeed in an increasingly competitive marketplace.

Ready to begin your journey with an advisor invested in your long-term success? Let’s start a conversation.

Contact us

Jason Driansky

Partner, PwC US

Richard Calzaretta

Partner, PwC US

Edward Heitin

Partner, PwC US

Michael Ruggeri

Partner, PwC US

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