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PitchBook Analyst Note: Raising the GP Stakes

2Q 2019

PitchBook Analyst Note: Raising the GP Stakes

June 11, 2019

PitchBook Analyst Note: Raising the GP Stakes
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The GP stakes strategy is en vogue as large LPs seek to expand their exposure to private markets. In this analyst note, our PE analysts explore the strategy's evolution and review the performance of firms that have received this type of investment. This note also looks to the strategy's future and compiles "buyer's lists" of PE, VC, debt and secondaries firms that are opportune candidates to receive GP stakes investments.

Note: We updated this note to modify step-up figures in the tables on pages 8-10 to be calculated in local currency rather than converting to dollars, which may skew figures.