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investing in GPs

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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.
Vehicle
We examine the debt fund's loan terms, expected performance and opportunity set.
Business stake
The fund initially targeted as much as $6bn and was due to close on more than $7bn in the first quarter of this year.
Berlin
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.
The guidelines for best practice incorporate several key issues for limited partners, including GP-led secondaries, subscription credit lines and co-investments.
PAI Partners, Affinity Equity Partners and Coller Capital are among the most suitable candidates for a GP stake investment, according to a report.
new york taxis
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
The investment bank invested through its $1.4bn North Haven Tactical Value fund, which closed in December.
Cobalt GP data
Compressed exit multiples could have a material impact on performance fee income, according to tech platform Cobalt.
More US private fund managers are taking minority stakes in their industry peers and there are benefits for buyer and seller alike.
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