GP stakes

Investor relations pros shared some unique strategies for raising a first-time fund at PEI’s Investor Relations, Marketing & Communications Forum this week.

The PE heavyweight’s GP platform, which aims to back the next-generation of diverse managers, will provide both seed capital and working capital of more than a year to its GPs.

David Layton, who will become Partners Group’s sole CEO in July, speaks to PEI about the leadership change, opportunities in the defined contribution market and why SPACs have been ‘overdone’.

The showdown between Dyal and some of its portfolio companies is a headache for LPs, some of whom find themselves enmeshed in a web of conflicts.

Avista has to date has invested over $6bn in more than 35 growth-oriented healthcare businesses globally.

Investcorp’s team focuses on mid-market GPs, which it believes presents a more robust opportunity than the larger side of the market.

With the news last week of Dyal Capital Partners' merger with Owl Rock Capital and possible listing, PEI looks at which GP stakes firms have been on the acquisition trail.

The Canadian insurance giant has already taken a significant minority stake in Albamen Capital Partners, a newly formed renewable energy and digital infrastructure manager in China.

GSO Capital Partners co-founder Bennett Goodman is a leading figure in the formation of Hunter Point Capital, which will invest in and provide advice to alternative asset managers.

Silver Lake’s launch of a multi-decade strategy is the latest example of a private equity industry grappling with how to hold on to assets outside of a traditional 10-year fund model.