Weekly Recap | 6.1.25

Hi there,

Please see below for this week's headlines:

• PJT Partners is hiring a Vice President / Director for its GP Advisory group in NYC (this team works on GP Stakes transactions)

• Ted Gooden of Växa Partners joined Brandon Sedloff of Juniper Square on the The Distribution by Juniper Square to discuss consolidation across the investment management industry

• Vertis acquires minority stake in DunPort Capital Management

• Adel Alderbas, CIO of Wafra joins Sarah Keohane Williamson of FCLTGlobal's podcast "Going Long" to discuss Capital Constellation and the Future of GP Stakes

• Legal & General's Bill Hughes says in an interview with Green Street that he "does not expect [L&G] to make any more real estate corporate acquisitions”

• Popular finance-focused X account "@Restructuring__" writes thread on GP Stakes, highlighting Blue Owl's GP Strategic Capital platform

• Wafra's Capital Constellation is targeting $1.5 billion for its fifth fund

• Amy McAneny and Brian Rebhun of PwC discuss how firms are accessing capital through GP Stakes

• Robert Morier chats with Andrea Lo of Main Character Capital on the Dakota Live! podcast and briefly touches on GP Staking / GP Seeding (relative to Fund of Funds)

• Bridgepoint Group acquires minority stake in Rezonate Music Rights

• Cantor Fitzgerald acquires UBS' O’Connor alternatives investment platform

• Blue Owl's Co-CEO Marc Lipschultz discusses the firm's M&A priorities for the future and its GP Stakes platform at the Bernstein Strategic Decisions Conference with Patrick Davitt of Autonomous Research

• Grafine Partners highlighted in the May 2025 Issue of Emerging Manager Monthly

• Blue Owl Capital's GP Strategic Capital platform acquires stake in Veritas Capital (back in March 2025)

• Umang Rajbhandari, CFA FIA and Amy Taylor, CFA discuss GP Stakes in this post

• Stephen Darke, CEO of Navigator Global Investments Limited, joined Steve Johnson, CIO of Forager Funds Management, on the Stocks Neat podcast for a discussion on Navigator’s strategy and outlook

• Dai-ichi Life Holdings, Inc. to acquire ~15% stake in M&G plc for ~$1.1 billion

• Article from Buyouts' Kirk Falconer on GP Stakes funds' role in succession planning for GPs

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 weekend!
- Max