Participants at Partner Connect East during a break, July 26, 2017, at the Harvard Club in Manhattan. Photo by Robert Daniel, Buyouts.
Founder cash-outs and investments to expand firms are different
Minority-stake sales can help with succession
Concern about third-party investors chasing weaker-performing firms
Several consultants to limited partners said they haven’t seen evidence of talented junior executives seeking to leave firms that have completed sales of minority stakes in their management companies. The consultants, on a panel at the Emerging Manager Connect East conference July ...