Madeleine Farman’s Post

Ahead of his session at SuperReturn North America next week, we caught up with Darrell Crate, Founder and Managing Principal of Easterly Asset Management! Darrell reflects on the topic that everyone’s talking about: attracting private wealth into private markets. Read his insights here >> http://spr.ly/6044SPVQp Don’t miss his session on November 12! Find out more here: http://spr.ly/6047SPVQX #SRNA #privatewealth #privatemarkets

GP Staking – a Private Equity strategy characterised by investments in alternative asset managers and an unusual yield-generative profile – is currently drawing outsized coverage in industry press. Yet this specialist niche also presents some distinctive questions for prospective investors. Find out more here: https://okt.to/HiKEvY

In our latest publication, we discuss GP Staking, a Private Equity strategy characterised by investments in alternative asset managers and an unusual yield-generative profile, and a segment that has been widely reported on in recent months: https://okt.to/ptFRP9 #GPstakes #privateequity #onyourside

In our latest publication, we discuss GP Staking, a Private Equity strategy characterised by investments in alternative asset managers and an unusual yield-generative profile, and a segment that has been widely reported on in recent months: https://okt.to/nihSZU #GPstakes #privateequity #onyourside

Hot Topic: Anna Morrison and Kathryn Saklatvala sat down to discuss GP Staking, a Private Equity strategy characterised by investments in alternative asset managers and an unusual yield-generative profile. This segment is receiving a lot of focus, but there are important questions to address: https://okt.to/xQ3SMO Louise Laurent Julien Barral #GPstakes #privateequity #onyourside

A hot topic in Private Equity manager research in 2024 - our team is seeing a lot of interest in GP Stakes strategies at the moment (taking equity stakes in alternative asset management firms) but there are important questions to address. Insights from Anna Morrison

As the investment allocation to private markets continues to expand, the size and number of managers or General Partners catering to the private infra/real estate/credit/equity community is also on the rise. Investors have the opportunity to be part of this growth story by taking a minority equity stake in privately-held managers. According to research from bfinance, there are currently fifteen dedicated GP-stakes vehicles available on the market, providing investors with access to this asset class. Read more about GP-stakes funds with 15-20% expected returns here: https://lnkd.in/dRXBVhtE #GPstakes #GPcapital #privatemarkets #privateequity

We are pleased to share our recent white paper on how continuation fund strategies offer a differentiated value proposition for private equity investors. Learn more with David Guryn, Senior Investment Director Private Equity. Read the full article below. #PrivateMarkets #PrivateEquity #ContinuationFunds #Secondaries #GPLeds Professional investors only. Capital at risk.

The private equity secondaries market, particularly GP-led continuation funds, has seen a slowdown due to investor concerns about conflicts of interest and other issues. In 2023, GP-led secondaries reached $51 billion, down from $68 billion in 2022, now comprising less than half of the total secondaries market, according to Churchill Asset Management. Nicholas Lawler, managing director and head of secondaries at Churchill, noted that investors have a “love-hate” relationship with this asset class, citing conflicts of interest in asset valuation and similar economic structures to equity co-investment programs but with additional fees or adverse selection. https://lnkd.in/grmBB7cn

Yann Robard, the founder of Dawson Partners (formerly Whitehorse Liquidity Partners), has been a pioneer in providing liquidity solutions for private equity stakes that are difficult to value and sell. Dawson Partners has grown by enabling institutions to quickly convert illiquid fund stakes into cash, becoming a significant player in the $1.2 trillion fund finance market. However, the strategy of adding more leverage to already debt-heavy investments is starting to show signs of strain. This approach, while innovative, is now facing challenges as the financial landscape evolves. https://lnkd.in/gkpQGJnZ