Private Equity Editor Chris Witkowsky reflects at home. Photo by Wendy Witkowsky
LPs worry future value is directed to third-party investor rather than younger execs
Forces firms to grow AUM by expanding strategies
Innovation greeted with suspicion by investors
Limited partners are not big fans of GPs selling minority stakes in their management companies. “We certainly do not encourage it,” a limited partner told me. I come to that conclusion after numerous conversations with LPs who know the market ...