Private Equity News’ Post

Congrats Hunter Point Capital LP, for exceeding your fundraising target for your debut GP Stakes fund! Want to discover more about GP Stakes investing and why it's gaining momentum? Check out our blog post on the topic here: https://bit.ly/43AXZQl

Don't miss Achin’s panel on "Transitioning From an Emerging to an Established Fund Manager" on June 20, 2024, at 10:30am at the 24th Annual U.S. Real Estate Opportunity & Private Fund Investing Forum in Newport, Rhode Island. The panel will include discussions with industry leaders on top concerns and pain points of launching and managing funds, capital raising strategies and reporting requirements, considerations & changes to existing compliance structures, increased investor transparency, and more! #RealEstate #Funds #IMNNewport

It was a pleasure working with Adrian Whittingham and Alex Ihlenfeldt from Scarcity Partners on the launch of Scarcity Partners GP Access Fund and its first investment in Evidentia Group, an asset management firm with $8 billion in assets under management. Scarcity’s 30% investment is the first application of the innovative 'GP staking' model to Australia, an evergreen investment strategy that involves taking a minority interest in wealth and asset management firms. Advised by Gordon McCann and supported by Erik Setio, Julian Ilett, Nicholas Pavouris and Matthew Dean, this acquisition will undoubtedly peak a great deal of interest in the market. To learn more, click on the link below. #auslaw #MergersAndAcquisitions #BusinessLaw #ASX

Blue Owl / GP stakes: The document attached below is worth a read. The only part I’d add to would be the “innovations in the industry” question at the end, where the answer is very much addressed at the large cap space. For me, the biggest innovation is the overall development of the concept of often highly structured GP solutions. GP stakes are one of a number of grades of variation between NAV lending, pref equity and diversification of ownership of management companies. A lot of the innovation I see happening is around smaller GPs with less AUM who are seeking GP finance for specific situations. #gpstakes

💰 Hunter Point Capital LP has raised $3.3 billion for one of the largest first-time funds dedicated to acquiring stakes in #privatefund managers. 👥Founded in 2020 by industry veterans Bennett Goodman and Avshalom Kalichstein, HPC aims to be the leading strategic partner for growth to the next generation of rising #alternative #investmentmanagers, enabling them to develop their franchises faster and with greater certainty than they would alone. Through HPC Fund I, the firm acquires stakes in alternative investment managers and provides them with strategic and tactical support in key areas. 👥To date, HPC has formed partnerships with eight investment management firms: Pretium Partners Coller Capital Inflexion L Catterton The Vistria Group SLR Capital Partners Iron Park Capital and MidOcean Partners. #FormADV data on Radient discloses: 💰Total Reg #AUM: $4B 👥No of accounts managed: 11 2 #PE funds with over $3B in total gross asset value.💰 Track all fund-raising activities of the firm on Radient! https://lnkd.in/ggMC9X7n

It was 5 p.m. in New York on Tuesday when Schonfeld made the pivotal call to Englander, ending months-long negotiations. The deal, which could have marked a significant consolidation among mega-multimanager firms, ultimately fell through. Schonfeld withdrew after securing up to $3 billion in commitments from new and existing investors, showcasing confidence in its ability to navigate the current market challenges. This move comes amidst a period of rapid growth for Schonfeld, coupled with a competitive talent war within the industry. As part of the new plan, the firm will make strategic job cuts, predominantly non-investment roles, to streamline operations. The focus is now on deploying the newly raised capital effectively. A noteworthy aspect is the structure of the capital infusion a drawdown facility allowing the firm flexibility in accessing funds as needed. However, investors face a lock-up period, unable to make withdrawals for three years after Schonfeld deploys the capital, showcasing a broader trend among multimanager funds to retain investor capital for longer durations. Had the partnership materialized, Millennium could have leveraged over 100 investment teams at Schonfeld, whose assets stood at $11.7 billion at the beginning of the month. While Schonfeld's main fund has seen modest gains this year, the decision to walk away from the deal signals a belief in the firm's ability to navigate market challenges independently. #Quants #Millennium #Schonfeld #Hedgefunds #Marketaccess

📣 We're thrilled to announce the launch of our new Palos Small-Cap Global Equity Fund, managed by Charles Timmons, MBA, CFA & Charles Marleau, CIM. Managers: Charles Timmons, MBA, CFA & Charles Marleau, CIM Fundserv Codes: PAL250(A), PAL251(F), PAL 252(I) 🌍💼 Charles Timmons has over 20 years experience in the industry. For 14 of those years, he worked directly on a $1bn+ small-cap portfolio where he exercised broad decision-making powers on a substantial part of the portfolio. Our new fund is designed to capture the potential growth opportunities offered by small-cap companies in developed economies across the globe, providing investors with access to diverse markets and promising enterprises. Our Small Cap Global Equity Fund Strategy: 🔹 Own high quality growth companies over the long term. 🔹 Seek entrepreneurial – focused companies run by outstanding managements with ‘skin in the game’. 🔹 Conduct rigorous research to develop superior knowledge of the positions in the portfolio. #TheArtofInvestng #GlobalEquity #SmallCap #GrowthOpportunities

It was 5 p.m. in New York on Tuesday when Schonfeld made the pivotal call to Englander, ending months-long negotiations. The deal, which could have marked a significant consolidation among mega-multimanager firms, ultimately fell through. Schonfeld withdrew after securing up to $3 billion in commitments from new and existing investors, showcasing confidence in its ability to navigate the current market challenges. This move comes amidst a period of rapid growth for Schonfeld, coupled with a competitive talent war within the industry. As part of the new plan, the firm will make strategic job cuts, predominantly non-investment roles, to streamline operations. The focus is now on deploying the newly raised capital effectively. A noteworthy aspect is the structure of the capital infusion a drawdown facility allowing the firm flexibility in accessing funds as needed. However, investors face a lock-up period, unable to make withdrawals for three years after Schonfeld deploys the capital, showcasing a broader trend among multimanager funds to retain investor capital for longer durations. Had the partnership materialized, Millennium could have leveraged over 100 investment teams at Schonfeld, whose assets stood at $11.7 billion at the beginning of the month. While Schonfeld's main fund has seen modest gains this year, the decision to walk away from the deal signals a belief in the firm's ability to navigate market challenges independently. #HedgeFunds #Millennium #Schonfeld #InvestmentStrategies #FinanceNews #MarketInsights

The #gpstakes activity in private markets continues to be active and intriguing, and this one is particularly of interest and in my favorite market for private equity. Chicago-based Linden Capital Partners are one of the best private equity fund managers in the business focused on the healthcare industry, having raised over $7 billion in capital in the 20 years since inception, and delivering exceptional realized returns consistently at the 2.5x - 3.5x MOIC, with highly supportive limited partners especially given the strong track record and consistency. If carried interest is a driver of value in GP stakes investments, Linden Capital Partners will no doubt be one of the best and proven at delivering. Partnering with Blue Owl Capital could be highly synergistic, especially as Linden Capital Partners have recently launched their Sixth flagship private equity fund targeting $4 billion+ in commitment. With Blue Owl Capital building their presence in the Middle East, and Middle East limited partners seeking and prioritizing middle market healthcare private equity, this could be quite the capital markets match! Looking forward to tracking this one further and spending more time with the Linden Capital Partners and Blue Owl Capital teams! #alternativeinvestments #privatemarkets #chicago #fundmanagers #limitedpartners #capitalmarkets #fundraising #fundmanagers #privateequity #healthcare #synergies #middlemarket #midwest

Secondary alert! Wellspring Capital Management is set to close a nearly $1bn multi-asset secondary that will move three companies out of its sixth fund and into a continuation vehicle for more time and capital to grow the businesses. Neuberger Berman and Lexington are co-leads on the deal, with a syndicate of investors including Hamilton Lane, AltamarCAM Partners, some Fund VI LPs and a commitment from the GP. Campbell Lutyens was adviser on the process. The total amount raised includes $125m in unfunded commitments for future growth initiatives at the three companies, which are SupplyOne, Inc., Cadence Petroleum Group and Pentec Health. Read more here on Buyouts: https://lnkd.in/gPWnFqdz