Weekly Recap | 7.19.24

Busy week in the GP Stakes world. Please see below for this week's headlines:

• Seviora acquires minority stake in ADM Capital

• TPG Next announces strategic partnership with and firm launch of Caro Investors

• Scarcity Partners - chart on the growth in GP staking funds' investable universe

• Wafra's Capital Constellation invests in Triple Private Equity

• Although not a minority stake deal, Blue Owl Capital acquired Atalaya Capital Management (which it previously owned a minority stake in)

• Centerbridge Partners and Gallatin Point Capital sell up to 21.5% of Phoenix Holdings to Affinity Partners, Delek, Lazard Asset Management, and other institutions

• Goldman Sachs' Petershill is hiring an Associate / Vice President for its GP Services team

• [Past Event] Arta Finance: Announcing Blue Owl, Arta's newest fund manager

• GP Stakes mentioned in this article on GP Seeding - "Key Investor Support Helps PE Seeding Shake Stigma"

• Antares Capital LP's inaugural Credit Market Outlook Survey found that "11% [of private equity sponsors] are considering selling GP stakes as a liquidity solution."

• Pacific Current Group sells its minority stake in Carlisle Management Company as part of the full acquisition of Carlisle by Abacus Life for $200 million

• "Investments in GP stakes are gaining traction: larger generalist Real Estate PE players recognize the value of expertise and vertical integration that specialized GPs bring to the table"

• [Podcast] The Alternative Investor - What is GP Stakes Investing?

As always, feel free to send me news to share with the GP Stakes community.