GPs say selling minority stakes allows them to amass capital on balance sheet
Deals typically for 10 - 20 pct of management company and usually passive
ILPA CEO: A “handful” of members have raised concerns about practice
As more private equity firms seek to sell minority stakes, a divide has emerged between the GPs looking for investors and the LPs who are uncomfortable with the transactions. GPs tout selling minority stakes as a way to amass capital ...