GP stakes

Ascentium founder and former Credit Suisse boss James Lee will become head of Blue Owl’s institutional sales team in Asia, per a statement seen exclusively by PEI.

Don’t expect every GP stakes manager and their dog to be listing a portfolio of stakes in alternatives managers anytime soon.

The GP stakes firm plans to deploy as much as $300m each year using the company’s own money, leverage and proceeds from the planned $5bn listing.

The buyer would join Singapore's GIC and the Kuwait Investment Authority which acquired part of a 10% stake in the buyout stalwart in 2012.

Apollo’s foray into GP stakes investing is unusual for a number of reasons, not least because the deal involves a significant element of reciprocity between the firm and its target partner.

Hong Kong-based Ascentium Group was founded in 2020 by James Lee, former head of Asia distribution at Credit Suisse.

The proposed mega-merger between Dyal Capital Partners and Owl Rock suggests criticisms of the GP stakes market could have merit. What are the implications for one of PE’s fastest-growing strategies?

Something fun to do when you have a spare moment. Can you match the quote to the industry leader?

PE firms are diversifying away from traditional third-party blind-pool fundraises amid further inflows from long-duration funds, GP stakes, insurance M&A and SPACs.

GP stakes managers, sovereign wealth funds and insurers want to purchase more market share in the UK’s fragmented alternatives investment industry, according to a panel hosted by the law firm.