Wafra

Institutional investors are voicing an interest in stepping outside the familiar fund structure to invest directly in GPs. The move could change the GP stakes market and create a new class of shareholders.

In an active market, GP stakes investors are differentiating themselves by homing in on private markets firms of particular sizes.

A diversifying LP base is emerging as the GP stakes universe matures.

Crafting an exceptional investment track record and building a lasting business are not the same thing, explain Wafra’s Adel Alderbas and Jordan Siskin.

Featherlight Capital counts ex-Wafra, La Caisse and Power Sustainable investors among its investment team.

LPs want exposure to the mid-market, where there is differentiated alpha with many levers and ways to win, Adel Alderbas tells Private Equity International.