Weekly Recap | 6.22.25

Hi there,

Good activity this week in Alts M&A world - the two highlights are PACT Capital Partners’ debut GP Stakes investment into AKKR and Hunter Point Capital’s GP Stakes investment into Equitix.

Please see below for this week's headlines:

• Tetragon sells 16.1% stake of Equitix to Hunter Point Capital

• Unicaja acquires minority stake in Zenon Asset Management

• Some recent people moves in the GP Stakes space

• Norton Rose Fulbright writes article on the key themes for 2025 in the Fund and Asset Management M&A sector

• Millennium in talks about a minority stake sale with investors at a $14 billion valuation, according to the Financial Times

• Nextalia sells stakes to Italy's Moratti and Gavio family offices

• RidgeLake Partners unveils its new website!

• Gilles Dusaintpère, Head of GP Stakes investments at AXA Investment Managers Prime, sat down with Kezia Kho of Mergermarket to discuss the firm's GP Stakes strategy

• L&G – Asset Management shares some thoughts around its Private Markets platform in its latest Asset Management Deep Dive

• Cara Griffiths of Blue Owl Capital shares about the GP Strategic Capital team at SuperReturn Berlin 2025 with Emma Walden

• PACT Capital Partners makes debut minority stake investment into Accel-KKR

• Cara Griffiths of Blue Owl Capital and Stephen Prince of TFG Asset Management both interviewed at SuperReturn

• Wafra reposted its listing for an Associate / Senior Associate - GP Stakes investor in NYC

• New Catalyst Strategic Partners is hiring an Investor in Washington DC

• Deutsche Pfandbriefbank AG is in advanced talks to acquire a majority stake in a German real estate investment manager

• Berkshire Global Advisors releases its monthly Market Update, which has a section on Private Markets M&A

• Article from Firetrail Investments notes that NPS and Townsend Group acquisition of stake in Metrics Credit Partners was done at an implied P/E multiple of ~36x

• GROUPE MAGELLIM acquires majority stake in GO CAPITAL

• Par Equity and Praetura Ventures merge to create PXN Group

• Matthew Wesley joins Moelis as Global Head of Private Capital Advisory, which includes Moelis' GP Stakes advisory

• New Private Markets' Charles Avery releases great overview of sustainable private markets firms that have sold GP Stakes

• Lagfin S.C.A. acquires ~20% stake in Bluegem Capital Partners

• Clark Edlund, CAIA of CAZ Investments hosted Michael Rees of Blue Owl Capital and Jack Howell of Stonepeak to talk about GP Stakes at CAZ's annual Themes event (back in January 2025)

• CapMan acquires 51% of CAERUS Debt Investments AG

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

Share this newsletter here: GPStakesNews.com

Have a great weekend!
- Max