RidgeLake Partners
Middle-market GP stakes joint venture of Apogem and OA.
GP StakesFirmNorth America
Target market
Middle-market GPs (~$1-10B AUM) across private markets
Geography
North America
Overview
RidgeLake Partners is a GP-stakes partnership launched in 2020 by Apogem Capital (New York Life's private-markets arm, formerly PA Capital) and OA Private Capital, buying minority equity stakes in middle-market private-markets managers with roughly $1-10B in AUM. It closed its debut fund with over $1.1B in commitments in January 2024.
Key facts
- Joint venture of Apogem Capital and OA Private Capital (2020)
- Closed debut GP-stakes fund at over $1.1B (January 2024)
- Targets buyout, credit, secondaries and real-asset managers
- Focused on the underserved middle-market stakes segment