GP stakes

With steady cashflow from sticky fees-based revenues, investing in GP stakes is a strategy rising in prominence, and now exits are completing the picture

The GP stakes market is expanding. For many years, the number of participants in this niche corner of the market could be counted on two hands; now, as the strategy has had enough time to prove itself a viable one, it is seeing increased appetites from LPs and potential investment targets alike. In this special report, we take a look at how new entrants to the market can stake their claim; how the strategy is merging with private wealth, secondaries and more; and why LPs in particular are starting to show more interest.