Weekly Recap | 5.25.25

Hi there,

Busy week for the GP Stakes world and GP Stakes News. Some updates:

🥳 We are grateful to have reached over 10,000 followers on LinkedIn. Big thank you to our readers! Would be great to catch up or chat for the first time - feel free to reply to this email to find time.

🤝 We also began covering majority deals in alternative asset management, given their relevance to the GP stakes space (three announced just this week!).

Please see below for this week's headlines:

• Legal & General acquires 75% stake in Proprium Capital Partners

• TriPost Capital Partners, LLC makes strategic investment in Veleta Capital

• McKinsey & Company released its 2025 Global Private Markets Report with a small section on GP Stakes (pages 87-88)

• Adam Gross joins RidgeLake Partners as a Director

• Sidley Austin LLP hires PE Funds partner John Muno in its Chicago office to focus on fund formation - Muno will also advise on GP Stakes transactions

• Investcorp's Strategic Capital Group will be in Berlin at SuperReturn this June

• RidgeLake Partners will be at SuperReturn in Berlin this June

• MA Financial Group acquires RE manager IP Generation for $90.4 million

• Royal London to acquire Dalmore Capital

• PwC releases thorough guide on GP Stakes from a seller's tax perspective

• On June 9th, iConnections and MFA Alts will be hosting a GP Stakes panel titled "GP Staking Evolution: Balancing Growth, Control & Returns in Private Markets”

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

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Have a great MDW!
- Max