GP stakes

Documents prepared for an LP investment committee meeting reveal details of the GP stakes giant's approach to generating liquidity.

'We really like the idea of building a secondary platform with a blank sheet of paper,' KKR CFO Rob Lewin said on the firm’s Q4 2025 earnings call.

The number of GP stakes and GP M&A deals jumped 40% year-over-year, according to Campbell Lutyens’ latest GP M&A report.

The investment into Churchill and Arcmont marks the Singapore’s sovereign wealth fund’s second such purchase in recent weeks.

There are countless private markets firms that need a partner to help them grow in an era of scarce alpha and capital, says Arctos managing partner Ian Charles.

The pair will make the investments via their GP stake strategy and global private markets platform, respectively.

The transaction has been backed by capital from long-term yield-oriented institutions and not traditional secondaries firms, PEI understands.

Though GP stakes transactions have been few and far between in the region, a growing number of participants are setting up shop in APAC.

The pair are taking equal stakes in the mid-market-focused investment firm in a Houlihan Lokey-advised transaction.

Permanent capital specialist Kudu Investment Management owns stakes in at least nine alternative asset managers, including private equity, private credit and venture capital.