Hi {{First name | there}},
We’re excited to announce our State of the Market in Large-Cap GP Stakes panel speakers:
Moderator:
Saul Goodman, Senior Managing Director in Alternative Asset Management at Evercore
Panelists:
Zach Tcheyan, Managing Director in GP Strategic Capital at Blue Owl
Joshua Blaine, Senior Managing Director and Head of GP Stakes at Blackstone
Gustavo Cardenas, Co-Head of Strategic Partnerships at Wafra
Randi Lally, Partner, Co-Head of M&A and Private Equity at Fried Frank
This panel is especially timely because Large-Cap GP Stakes has accounted for much of the transaction volume since the GP Stakes asset class shifted toward private capital managers. The history is deep, the market is well developed, and many of the landmark deals have happened at this end of the spectrum.
The key question now is what the next chapter looks like: how much runway remains, where opportunity is still expanding, and how the Large-Cap GP Stakes industry continues to evolve. We’ll hear from the professionals who have seen multiple cycles of this market and can speak to where momentum is building, how buyer appetite is changing, and what still makes Large-Cap GP Stakes compelling today.
Click the image to request to join
Bios on our speakers
Saul Goodman is a senior managing director in Evercore’s investment banking business and head of its global alternative asset management practice. In 2019, Saul was named Game Changer of the Year by Private Equity International, the first advisor to do so. In 2025, he was named Investment Banker of the Year in the first GP Stakes News Awards Survey.
Zach Tcheyan is a Managing Director at Blue Owl and member of the GP Strategic Capital Investment Team. In his role, Zach focuses on sourcing and evaluating minority investments in private markets focused GPs. Before joining Blue Owl, Zach was an MD at Goldman Sachs, where he was a senior member on the Investment Team of the Petershill Funds, a GP Stakes platform.
Joshua Blaine is Senior Managing Director and Head of GP Stakes at Blackstone Strategic Partners. Joshua joined Strategic Partners in 2001 and is a member of each of Strategic Partners’ Investment Committees, and its Management and Operating Committees. Joshua has executed on several billion dollars of secondary and capital solution transactions for both investors and GPs.
Gustavo Cardenas is a Managing Director and Co-Head of Strategic Partnerships at Wafra, where he helps lead Wafra’s strategic partnership investment mandates in both next generation and established asset management businesses. Gustavo has completed several direct minority investments in alternative asset management firms, GP financings, as well as other private markets investments.
Randi Lally, Co-Head of the M&A and Private Equity Practice at Fried Frank, represents private equity firms and public and private companies in M&A, private equity transactions, and GP Stakes transactions. Clients turn to Randi for her extensive experience in Asset Management M&A, including on acquisitions and dispositions of interests in private equity and hedge fund managers.
Check out our corresponding LinkedIn announcement where you can show the speakers your support!
Come hear from Saul, Zach, Joshua, Gustavo, Randi, and other leading GP Stakes funds, advisors, and investors on April 21 in NYC and request to join:
Yours truly,
Maxwell Greenstein
CEO, GP Stakes News
