Weekly Recap | 8.9.24

Please see below for this week's headlines:

• BNP Paribas acquires AXA Investment Managers (which houses AXA IM Prime, the firm's GP Stakes strategy)

• Frederik Rasmussen, Head of Private Markets at Global Fund Search, released an "Allocation Theme and Market Mapping" piece on the GP Stakes market

• Article from Private Equity International talks a bit about Blue Owl Capital's GP Strategic Capital trajectory and recent performance

• Two podcasts from Juniper Square's "The Distribution" with Brandon Sedloff related to GP Stakes

• Follow up article from Private Equity International on Investcorp's tokenized GP Stakes fund

• TPG expects its Rise platform to have $35bn in AUM by the end of 2025 (TPG Rise houses TPG Next, which is the firm's GP Stakes platform for diverse and underrepresented fund managers)

• New Catalyst Strategic Partners hires Ali Gray (Head of Investor Relations), Alice Wang (Portfolio Manager), Curtis Yasutake, CFA (Portfolio Manager) and announces Monica F. Davis as an Operating Partner

• Paul Weiss hires David Hepp and Matthew Collin (both previously at Skadden) for Asset Management M&A

• Emerging Managers are gaining a renewed interest from LPs according the article below from Mergers and Acquisitions - themiddlemarket.com (Paul Elias)

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