PEI 2024 GP Stakes Report: Bonaccord - Proof of Concept
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.
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.