As the investment management industry has become institutionalized, an ecosystem of “GP seeder” investors have emerged who anchor-invest in emerging managers sometimes before their first close, in exchange for preferential terms. We’ve also seen the emergence of “GP stakes” investors, who buy stakes in established firms, typically once they are at least a decade old. Over $60 billion has been raised to date to acquire GP stakes of established private equity firms, with recent high-profile examples including Vista, Vistria, Clearlake, Dragoneer, TSG Consumer, Veritas, H.I.G., and L Catterton.
Program:
6:00-6:30 Registration and Appetizers
6:30-7:15 Panel Discussion
7:15-7:45 Audience Questions
7:45-9:00 Informal Dinner/Mingling
Speaker – Andrew Coren, COO/CFO, Gatewood Capital
Scott Sherman – Co-Founder and Managing Partner of Mesa Lane Capital Partners, LLC, formerly General Counsel, Tiger Global Management
David Teten – Partner, Coolwater Capital
Moderator: Jenn Crystal – Partner, Private Funds Group at Proskauer