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Michael Daley, Goodhart Partners

Why there’s room for smaller GP stakes managers

Goodhart Partners’ Michael Daley discusses opportunities for mid-market focused GP stakes players and LPs’ appetite for the strategy.
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Blackstone’s investment in BC Partners is about more than hard capital

The European private equity stalwart picked Blackstone as a minority shareholder also for the soft benefits that it brings.
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Fund of firms: Who owns what?

With Blackstone’s stake in BC Partners the latest deal in an expanding market of GP stakes, PEI looks at which firms have been on the acquisition trail.
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Dyal’s new credit vehicle: a look under the hood

We examine the debt fund's loan terms, expected performance and opportunity set.
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Dyal eyes more than $8bn for latest PE fund and ponders 2020 return

The fund initially targeted as much as $6bn and was due to close on more than $7bn in the first quarter of this year.
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Side Letter: ILPA 3.0, new secondaries venture, Germany stalls

Compliance is off the agenda when it comes to co-investments; Schroder Adveq secondaries chief goes it alone; and dealflow remains stagnant in Germany. Here’s today's brief, for our valued subscribers only.

ILPA Principles 3.0: Choi on what’s new and what’s controversial

The guidelines for best practice incorporate several key issues for limited partners, including GP-led secondaries, subscription credit lines and co-investments.

GP stakes: Who’s on the shopping list?

PAI Partners, Affinity Equity Partners and Coller Capital are among the most suitable candidates for a GP stake investment, according to a report.
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Ex-AlpInvest MD taps former shop for GP stakes hire

Joseph Lombardo, who left AlpInvest's partnerships team in December, has joined former MD Sean Gallary at mid-market fund of firms outfit Stonyrock Partners.
Paris, France

Morgan Stanley acquires GP stake to back Tikehau’s US expansion

The investment bank invested through its $1.4bn North Haven Tactical Value fund, which closed in December.
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