Building the next generation of investment firms: a conversation with industry innovators

October 2025

Institutional investors are navigating a period of rapid change in how they source, evaluate, and partner with investment managers.

As the search for differentiated strategies grows more competitive, allocators are increasingly turning to emerging and diverse managers for both performance and innovation. These managers are not only launching new funds; they are reimagining the structure and culture of investment firms to meet the evolving needs of institutional capital.

At Meketa Investment Group’s Emerging and Diverse Manager Day roundtable, three leaders came together to share how their organizations are reshaping what is possible in manager development and alignment with allocators:

  • Hallie Label, Founder & CEO, Expect Equity
  • Pamela Pavkov, Managing Partner, TPG NEXT
  • Erik Serrano Berntsen, Founder & CEO, Stable

Moderated by Erika Olson, Managing Principal and Director of Public Markets Research at Meketa, the discussion explored why their approaches are different, how they create alignment with allocators, and where they see opportunity to continue pushing the ecosystem forward.