GP Stakes News

We’re proud to launch Talent Acquisition Services for GP Stakes firms and candidates • First headhunter solely dedicated to the GP Stakes industry • Supporting both firms hiring and professionals exploring new opportunities • Visit https://xmrrwallet.com/cmx.plnkd.in/eu3ZvgsK to learn more #GPStakesNews #GPStakes Never miss a post: GPStakesNews.com Connect with me: Maxwell Greenstein

Axar Capital makes strategic investment in ACRES Capital • ACRES is a NY-based private commercial real estate lender across multifamily, student housing, hospitality, office, and industrial • Deal enables ACRES to refinance existing indebtedness and support additional growth • Advisors: ACRES (Houlihan Lokey - Placement Agent) #GPStakesNews #GPStakes Mark Fogel Grant Mitchell Never miss a post: GPStakesNews.com Connect with me: Maxwell Greenstein

SuperReturn Asia this year will be hosting some GP Stakes professionals on September 17-18th • Keynote address by Bradford Pilcher of Bonaccord Capital Partners • Conway Bate of Hunter Point Capital LP will be on a private markets panel • Gavin McLeod of Kudu Investment Management, LLC will be on a GP Stakes panel #GPStakesNews #GPStakes Never miss a post: GPStakesNews.com Connect with me: Maxwell Greenstein

KKR acquires majority stake in HealthCare Royalty Partners (HCRx) • HCRx is a biopharma royalty acquisition, corporate financing, and private debt firm with ~$3 billion in AUM • HCRx has committed more than $7 billion in capital to a portfolio that covers 10 therapeutic areas and over 55 products • Advisors: HCRx (TD Securities) #GPStakesNews #GPStakes Ali Satvat Clarke Futch Never miss a post: GPStakesNews.com Connect with me: Maxwell Greenstein

Harrison Street Asset Management (Colliers' investment management division) acquires 60% majority stake in RoundShield Partners • RoundShield is a European credit investment manager with $5.4 billion in AUM • Harrison Street acquired a 60% equity interest in the firm from RoundShield's management and Azimut Alternative Capital Partners • Azimut Alternative Capital Partners exited its minority interest generating a MOIC of 1.4x for itself and its co-investor in RoundShield (funded $48 million of its larger commitment to RoundShield and received $67 million in deal proceeds and distributions) • Azimut Alternative Capital Partners, after two pre-fund exits completed, now has a pre-fund DPI of 2.9x and IRR of 60% • Advisors: RoundShield (Lincoln International, Sidley Austin LLP), Harrison Street (DLA Piper) #GPStakesNews #GPStakes Christopher Merrill Giorgio Medda Michael Shedosky Vittorio Pracca Antoine Dupont-Madinier Herbert B. Never miss a post: GPStakesNews.com Connect with me: Maxwell Greenstein

In a recent interview with GP Stakes News, Sidley partner Joseph Schwartz shares his insights with Maxwell Greenstein on the legal side of General Partner (GP) stakes, hot button issues that arise in negotiating a GP stakes deal, and Sidley’s deep experience in the industry. Read more here: https://xmrrwallet.com/cmx.pbit.ly/45eI23r. 

Vinci Compass may acquire Verde Asset Management • Verde is one of the most established hedge funds in Latin America with ~R$17 billion in AUM • Firms have already agreed to a joint venture which would see Vinci acquiring control of Verde after five years • Lumina Capital Management currently owns a minority stake in Verde, which it acquired from Credit Suisse in November 2023 #GPStakesNews #GPStakes Luis Stuhlberger Never miss a post: GPStakesNews.com Connect with me: Maxwell Greenstein

📢 𝗚𝗣 𝗦𝘁𝗮𝗸𝗲𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗕𝘂𝗹𝗹𝗲𝘁𝗶𝗻 - July Edition (2) ⏺ Goldman Sachs's Petershill sells its stake in Harvest Partners, LP → Petershill Partners has sold its 15% stake in Harvest Partners for $561m, representing a 22% premium to its 2024 Q4 valuation. → The deal includes $140m in cash upfront and $421m payable on the first anniversary. → Harvest, a New York-based midcap PE firm, grew its AUM from $5bn to $20bn during the partnership, which began in 2018. ⏺ AMG acquires minority stake in Montefiore Investment → AMG announced the acquisition of a minority stake in Montefiore. → Montefiore, founded in 2005, is Paris-based private equity firm with €5bn AUM focused on small and mid-cap services sector. → Montefiore’s leadership retains majority ownership and operational control. ⏺ BCI acquires minority stake in Three Hills → BCI has acquired a minority stake in Three Hills, a London-based 3bn private debt manager. → Three Hills, founded in 2013, will continue to operate independently and remain majority-owned by its partners and employees. ⏺ Mubadala and AXA Investment Managers to acquire minority stakes in Hayfin Capital Management LLP → Mubadala and AXA IM Prime acquire minority stakes in Hayfin Capital. → Hayfin is a London-based private credit manager with c.€32bn AUM. → Deal comes one year after Hayfin's management bought back a majority ownership stake (supported by Arctos' Keystone) from BCI. ⏺ The Philippson family acquire ownership stakes in La Maison Partners → The Philippson family, founders of Degroof Bank, has acquired stakes in La Maison Partners, a Paris-based private equity firm backed by major French families like Dassault and Cointreau. → With €700m in assets, La Maison aims to double in size in 5-8 years. * Source (1) Goldman Sachs AM: https://xmrrwallet.com/cmx.plnkd.in/eNSMTZ9b (2) AMG: https://xmrrwallet.com/cmx.plnkd.in/er_ACkvY (3) BCI: https://xmrrwallet.com/cmx.plnkd.in/eV_BQzwg (4) Hayfin: https://xmrrwallet.com/cmx.plnkd.in/eWr-x8Kg (5) CF News: https://xmrrwallet.com/cmx.plnkd.in/ex3zBqDa

🚀 Private markets professionals are rethinking diversification, with GP stakes leading the shift. Fundraising for GP stakes reached USD4.4 billion in 2024, marking record fund closures as per McKinsey’s 2025 report. 🚀 The surge in GP stakes is driven by LPs, particularly SWFs and family offices, aiming to gain exposure to asset manager economics, including management fees, carried interest, and balance sheet income. In the Middle East, this strategy is gaining traction as LPs move beyond passive allocations. They are utilizing GP stakes to forge strategic partnerships and align with regional growth objectives. Notably, the recurring fee income from GP stakes aids in smoothing returns across market cycles, a crucial aspect in today’s dynamic market environment. Beyond mere diversification, GP stakes serve as a vehicle for long-term capital deployment and influence, offering a comprehensive approach to investment strategy. Have you observed this paradigm shift in your discussions with LPs or GPs? Let’s share insights and perspectives. Explore more: https://xmrrwallet.com/cmx.plnkd.in/dgiUDgtM #AOShearman #GPStakes #PrivateEquity

We are excited to release our next interview with Joseph Schwartz, Investment Funds and Private Equity partner at Sidley Austin LLP • In this piece, we learn more about the legal side of GP Stakes • We also get to hear about some of the hot button issues that arise in negotiating a GP Stakes deal • Subscribers saw it first: GPStakesNews.com #GPStakesNews #GPStakes Interested in creating content with GP Stakes News? Let’s connect: Maxwell Greenstein