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"""Investors should also appreciate that most of the investments in GP stakes funds have been made in the last five to 10 years – still within the expected lifespan of these vehicles,"" Pilcher added. Even so, most of the major GP stakes funds on the market have achieved some form of monetization already, and the ""velocity"" of that process is the highest it has ever been, he said. Indeed, while the GP stakes market may not need a true secondaries option, it still could benefit from one, Bonaccord's Pilcher said. ""The first question that most LPs ask about GP stakes is, 'How do I get out of this?'"" he said. ""Anything that increases the perception of liquidity, I think, is a healthy thing."""

A key piece of AE Industrial’s strategy is evaluating investments in the context of three thematic frameworks: category-defining investments, re-defining critical tollgates, and buying and building better businesses

"At the end of the day, LPs drive tremendous value in alternative asset managers, and they want to have greater visibility there. They want to have a seat at the table and I believe they should have it."

Bonaccord Capital’s quarterly newsletter features updates from our portfolio companies, firm highlights, and upcoming events.

"Shiv interviews Bradford Pilcher, Partner at Bonaccord Capital Partners. In this episode, Brad unpacks the GP stakes strategy – what it is, how it works, and why it’s more than just a passive investment. Learn how mid-market private equity firms can grow through capital formation, thoughtful product diversification, and talent strategy. Learn what LPs should look for, why marketing and positioning matter, and what makes a PE firm truly stand out."

Bonaccord Capital’s quarterly newsletter features updates from our portfolio companies, firm highlights, and upcoming events.

There’s been a fair amount of press regarding private credit and the contention that there’s too much capital chasing too few deals. In this article, Kayne Anderson Private Credit tackles this issue from several perspectives

Revelstoke invests at the intersection of healthcare, technology, and consumer – a convergence increasingly seen as the healthcare “sweet spot.” They have developed a repeatable investment strategy that emphasizes a research-driven, thematic approach, a proactive and focused sourcing strategy, and a high-urgency value-creation playbook.

GP stakes investors are increasingly differentiating themselves by bigging up their value creation capabilities. We explore what these minority owners can realistically bring to the table tahat GPS can't do fr themselves.

In the mid-market, effective GP stakes strategies prioritize thoughtful growth while staying true to a firm's core values, explains Brad Pilcher, Partner at Bonaccord Capital Partners

This insightful session covered the latest market trends, key investment opportunities, and Lead Edge Capital's approach to generating attractive, risk-adjusted returns.

GP stakes investing gives LPs exposure to high-growth firms with compelling characteristics, including revenue durability, elevated operating margins and strong, free cashflow generation. In fact, while recurring-revenue business models are typically discussed in relation to high-growth software as a service (SaaS) companies, I believe GP stakes investing represents the most underappreciated recurring revenue business model out there.

- Continued Growth of Capital Formation Initiatives Across the Bonaccord Capital Partners Global Platform -

CHICAGO, ILLINOIS, November 13, 2023 – Kayne Anderson Private Credit (“KAPC” or the "Firm"), a middle-market private credit platform with $6 billion of assets under management, is pleased to announce that Bonaccord Capital Partners (“Bonaccord” or “BCP”) has made a passive minority investment in the Firm. Bonaccord, a subsidiary of P10, Inc. (NYSE: PX), is a private equity platform dedicated to acquiring non-control equity interests in leading private markets investment firms.

NEW YORK, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Bonaccord Capital Partners, a private equity business focused on acquiring non-control equity interests in middle-market private markets sponsors, is pleased to announce that Oliver Wriedt has joined the firm as an Operating Partner. Oliver will support BCP and its partner sponsors by providing strategic guidance and direction as well as operational expertise to help drive value creation initiatives across the Bonaccord Capital Partners ecosystem.

DENVER, COLORADO, October 10, 2023 (GLOBE NEWSWIRE) -- Revelstoke Capital Partners (“Revelstoke” or the "Firm"), a healthcare-focused private equity firm with $5.6 billion of assets under management, is pleased to announce that Bonaccord Capital Partners (“Bonaccord” or “BCP”) made a passive minority investment in the firm. Bonaccord, a subsidiary of P10, Inc. (NYSE: PX), is a private equity platform dedicated to acquiring non-control equity interests in leading private markets investment firms.

LONDON and NEW YORK, June 21, 2023 (GLOBE NEWSWIRE) -- Leading European mid-market investor, Synova, is delighted to announce that Bonaccord Capital Partners (“Bonaccord” or “BCP”), has made a passive minority investment in the firm to support its future growth. Bonaccord, a subsidiary of P10, Inc. [NYSE: PX], is a private equity platform dedicated to acquiring non-control equity interests in leading mid-market private markets sponsors.

NEW YORK, Jun. 08, 2023 (GLOBE NEWSWIRE) -- Bonaccord Capital Partners, a private equity business focused on acquiring non-control equity interests in middle-market private markets sponsors, is pleased to announce it has entered into a strategic agreement with Asia Heritage, a Singapore based asset manager, and, in conjunction with the agreement, appointed Chris Lerner as Operating Partner to lead Bonaccord’s activities in Asia.

NEW YORK, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Bonaccord Capital Partners, a private equity business focused on acquiring non-control equity interests in middle-market private markets sponsors, is pleased to announce that Peter McKellar has joined the firm as an Operating Partner. Peter will partner with Bonaccord’s sponsor firms to navigate key challenges facing middle-market private markets sponsors and will also help drive value creation initiatives by providing strategic direction and operational expertise.

NEW YORK, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Bonaccord Capital Partners (“Bonaccord”), a private equity business focused on acquiring non-control equity interests in middle-market private markets sponsors, today announced that it has acquired a passive minority equity interest in VMG Partners (“VMG”), a private equity firm focused on partnering with entrepreneurs and managers to support the growth and strategic development of leading branded consumer product and technology companies through its Growth and Catalyst funds.

LOS ANGELES--(BUSINESS WIRE)--Shamrock Capital (“Shamrock”), a leading investor in media, entertainment, communications and related sectors, today announced that RidgeLake Partners (“RidgeLake”), a strategic partnership between Ottawa Avenue Private Capital and Apogem Capital, and Bonaccord Capital Partners (“Bonaccord”) have acquired a passive minority equity interest in the firm.

TORONTO, ONTARIO – Penfund Management Limited (“Penfund”), a leading provider of junior capital to middle market companies throughout North America, announced today that Bonaccord Capital Partners (“Bonaccord”) has acquired a minority interest in Penfund. Bonaccord is a private equity firm focused on acquiring non-control equity interests in leading mid-market private markets sponsors. Terms of the investment were not disclosed.

MIAMI – Trivest Partners (“Trivest” or “the Firm”), a leading private equity firm focused exclusively on founder and family-owned businesses, today announces that Bonaccord Capital Partners (“Bonaccord”) has acquired a passive minority equity interest in the firm. Bonaccord, a subsidiary of P10, Inc., is a private equity platform dedicated to acquiring non-control equity interests in leading mid-sized private market sponsors.

LONDON – Park Square Capital (“Park Square” or “the firm”), one of Europe’s leading credit investment firms with approximately $10 billion in assets under management, today announces that Bonaccord Capital Partners (“Bonaccord”), a private equity firm focused on acquiring non-control equity interests in leading mid-size private markets sponsors, has invested in a non-voting, passive minority stake in the firm. Terms of the investment were not disclosed.

CHICAGO, IL — Monroe Capital LLC (“Monroe” or the “Firm”), a leading middle market private credit investment manager with approximately $10 billion in assets under management, today announced that it has sold a passive minority equity stake to Bonaccord Capital Partners (“Bonaccord”), a division of Aberdeen Standard Investments (“ASI”). Terms of the investment were not disclosed.

SAN FRANCISCO – Spear Street Capital LLC ("Spear Street"), an owner and operator of office properties located in the United States, Canada and Europe, has announced that Bonaccord Capital Partners ("Bonaccord"), a division of Aberdeen Standard Investments ("ASI"), has made a strategic investment in Spear Street.

BOCA RATON, FLORIDA — AE Industrial Partners, LP (“AEI”), a private equity firm specializing in Aerospace, Defense & Government Services, Power Generation, and Specialty Industrial markets, today announced that Bonaccord Capital Partners, (“Bonaccord”), a division of Aberdeen Standard Investments (“ASI”), and funds managed by Wafra Inc. (together with its affiliates, “Wafra”), have each made strategic investments in AEI.

ATLANTA – MSouth Equity Partners, a leading lower middle market private equity firm, today announced that Bonaccord Capital Partners (BCP), a division of Aberdeen Standard Investments (ASI), has acquired a minority stake in the firm.