Capital into the fund

GP Stakes

Specialist investors that buy passive minority interests in management companies, monetizing future fee and carry streams to fund GP commitments, expansion and partner liquidity.

12 sources

Blue Owl (Dyal Capital)

Notable

Firm

The largest dedicated GP-minority-stakes franchise.

Established alternative-asset managersView

Goldman Sachs Petershill

Notable

Firm

Pioneer of GP-stakes investing within Goldman Sachs.

Private-equity, credit and hedge-fund managersView

Wafra (Capital Constellation)

Notable

Firm

Seeds and takes stakes in next-generation alternative managers.

Emerging and next-generation alternative asset managersView

Azimut Alternative Capital Partners

Firm

Azimut Group's New York GP-stakes arm for smaller managers.

Lower-middle-market private-markets GPs ($500M-$3B AUM)View

Blackstone GP Stakes

Firm

Blackstone's strategic-capital GP-minority business.

Established alternative-asset managersView

Bonaccord Capital Partners

Firm

Mid-market GP-stakes affiliate of P10.

Mid-market private-markets sponsorsView

Hunter Point Capital

Firm

Independent GP-stakes and financing partner to managers.

Mid-sized alternative-asset managersView

Investcorp Strategic Capital

Firm

GP-stakes platform within Investcorp.

Mid-market alternative-asset managersView

Kudu Investment Management

Firm

Permanent-capital minority stakes in asset managers.

Boutique asset, wealth and private-markets managersView

Lincoln Peak Capital

Firm

Long-term minority partner solving succession for asset managers.

Boutique asset and investment managersView

RidgeLake Partners

Firm

Middle-market GP stakes joint venture of Apogem and OA.

Middle-market GPs (~$1-10B AUM) across private marketsView

Stonyrock Partners

Firm

Permanent-capital minority stakes in middle-market alternative managers.

Middle-market alternative asset managersView

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