Wafra

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.

Next-generation managers may be an acquired taste for asset owners, but the potential for alignment can create attractive GP opportunities, according to Wafra’s Adel Alderbas and Gustavo Cardenas.

Data from Wafra shows the market has more capacity than many would assume.

GPs are looking for strategic partners to help them address various challenges – something a GP stakes strategy can help achieve, say Adel Alderbas, CIO of Wafra, and Lauren Rich, managing director.

Covalent, and which aims to pool LP resources, will focus on mid-market buyouts and growth equity financings in North America and Europe, according to Wafra's Steve Moseley and AP3's Henrik Nordlander.

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

Apollo's next mega-fund looks to be coming at the best possible moment. Plus: a senior executive has left Wafra and Japan's Advantage Partners has raised a new buyout fund. Here’s today's brief, for our valued subscribers only.

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.

CalPERS appears to have retained its appetite for emerging and diverse managers despite government opposition towards DE&I. Plus: a London-based mezz fund is back in market; and why tech is a doubled-edged sword for LPs. Here's today's brief, for our valued subscribers only.

Despite recent headwinds, the GP stakes market is evolving – with value creation, liquidity pressures and direct investment strategies reshaping the outlook for both managers and investors.

As GP stakes portfolios age, funds are testing out new paths to liquidity in this particularly long-term corner of the PE industry.

PACT Capital, a GP stakes firm founded by industry veterans in January, believes there’s an enormous amount of white space in this segment of the market.

While the number of LPs looking to back GP stakes funds remains consistent with prior years, the majority have no plans to invest in these vehicles.