Weekly Recap | 10.27.24

Please see below for this week's headlines:

• Kudu Investment Management, LLC. acquires minority stake in Revelation Partners

• AXA IM Prime, a unit of AXA Investment Managers could invest in Monroe Capital LLC alongside Wendel as a minority shareholder

• During the recent LPEA Insights conference in Luxexpo Claus Mansfeldt (SwanCap) and Dominique Gaillard (ARMEN) discussed GP consolidation

• Tychon Alliance Global published a second article in their series entitled "Exploring GP Stakes and Alternative Investments Across Asset Classes"

• Texas Permanent School Fund Corporation to Acquire GP Stake in Velocity Capital Management

• ION wrote an article about the underdeveloped GP stakes universe in Asia

• New Catalyst Strategic Partners Head of Investor Relations, Ali Gray, discusses the firm’s approach to supporting Next Generation private market managers with strategic capital, operational support, and investor relations

• In this episode of Alt Goes Mainstream, Sean Ward, Senior Managing Director at Blue Owl Capital, discusses the growth and evolution of the GP stakes space, where Blue Owl has been a dominant player

• Blackstone is hiring a GP Stakes Investment Associate

• Torys LLP released an article discussing the rise in GP stake transactions in Canada

• ICLG released a primer, written by Travers Smith lawyer Jeremy Elmore, discussing the ins and outs of the GP stakes industry

• Legal & General announced that they bought a stake in Taurus Investment Holdings, LLC, a real estate private equity firm

As always, feel free to send me news to share with the GP Stakes community (and definitely let me know if I missed anything).