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investing in GPs

The EBRD’s private equity head Anne Fossemalle discusses the lesson learned from the 2008 crash and how it taught GPs to listen to their investors.
The sovereign wealth fund has committed more than $1.2bn to the strategy of taking stakes in managers over the past three years.
One of the first firms to raise capital to take minority stakes in GPs will scrap the traditional fixed-term fund model, founder Chas Burkhart tells PEI.
Investors and fund managers alike are waking up to the appeal of GP interest vehicles.
Stage Capital, which spun out of National Bank of Greece's alternatives arm last year, is itself interested in backing spin-outs and portfolio transfers.
LPs are increasingly seeking closer alignment with Asian private equity managers as the industry diversifies away from traditional fund structures, an Intertrust report revealed.
The Neuberger Berman unit has secured around $1bn of commitments for its vehicle that will take stakes in managers, Private Equity International has learned.
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