No evidence of turmoil at firms after GP-minority-stake sales: panel

Jose Fernandez, StepStone Group, private equity, Sheryl Schwartz, Caspian Private Equity
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 ...

This content is available for Buyouts subscribers only. Request a free trial to get access for a limited period

If you already have an active Buyouts subscription, please sign in to view this article.

Digital Edition

To read a digital copy of our latest magazine

click here

PE News Briefs