General Partners

The GP-led market has exploded since the pandemic as GPs look to hold certain businesses longer than allowed under the terms of traditional PE funds.

The strength of a new firm’s debut fund helps dictate exactly whether the organization will continue to grow into the future or slowly wither, with its ability to raise new capital stifled.

GP-led deals like single-and multi-asset continuation funds have been driving the market since last year, with traditional LP portfolio sales following closely behind.

Several recent single-asset secondaries deals have had their valuations set by earlier minority stake sales.

Popular GPs have the advantage in fee negotiations with potential investors in their funds because so many LPs want in, putting a premium on access.

The fund was unveiled last year by the private-market affiliate of Xponance and Investcorp’s Strategic Capital Group to support diversity, equity and inclusion in the alternative asset industry.

The firm's group is among a new crop of secondaries buyers joining a market that continues to grow at a frenetic pace.

A VC professional by training, Irwin founded Camber in April 2020 with a distinctive modus operandi for making control acquisitions of product-led growth software businesses.

Buyers are turning to multi-asset processes, and traditional LP portfolio sales, for the diversification they don’t get in big, concentrated bets.

Along with fundraising, Blackstone has been active adding to its GP stakes portfolio, deploying an expected $1.5bn-plus to deals backing GTCR, Sentinel and a third firm.