Joseph Lombardo, Director and Head of Private Equity GP Advisory practice at Houlihan Lokey, spoke with Private Equity International about the rise of GP stake funds and the persisting concerns around LPs. Lombardo discounts these concerns, stating, “I believe these concerns are significantly overblown. Similar to many venture capital investments and growth equity investments, GP stakes are minority non-controlling investments in private companies. Accordingly, managers of GP stake funds have a number of paths they can pursue to create liquidity for their LPs.”
Read the full article on Private Equity International’s site.