11
Sep
The opportunity within: GP stakes as a strategic tool
Selling a GP stake is not just about succession planning. Proceeds might be used to launch a new business line, support internal commitments to funds, or develop capabilities. Choosing the right partner is important because capital comes with promises of fundraising support and strategic input. These questions are pertinent in a Korea context not only as local managers consider their options, but as local LPs mull allocations to a growing class of GP stakes investors.
- What do GP stakes firms want to see in their target managers?
- How do external investors exert influence over founder-led managers?
- What are the major challenges in structuring these deals?
- How do GP stakes strategies bring diversification to an LP portfolio?
-
SpeakersJustin Niessner Associate Editor, AVCJ Mergermarket
Rohit Agarwal Senior Vice President, Co-Head of Asia Investments Aksia
Ajay Chitkara Managing Partner and Co-Founder Bonaccord Capital Partners
Weston Wilkinson Investment Partner Investcorp Strategic Capital Group
Michelle Cheh Partner Simpson Thacher
Confirm cancellation
Something went wrong.
An error occurred trying to play the stream. Please reload the page and try again.
CloseSign-up to join the ION Analytics Community to:
- Register for events
- Access market insights
- Download reports
Rohit is a Senior Vice President and Co-Head of Asia Investments. He has over 10 years of private equity and consulting experience and leads all phases of the investment process including sourcing, due diligence, and monitoring for Asian private equity investments. Rohit also works with institutional investors looking to invest in Asia, particularly in private equity, directing strategic portfolio construction and management, while offering tailored investment decision advice.
Prior to joining Aksia in 2023, Rohit was a Senior Associate at CPP Investments (CPPIB), where he was responsible for direct and co-investments across Asia Pacific. Before that he was an Associate on the PE investment team at Baring Private Equity Asia and prior to that at Providence Equity Partners. Rohit started his career with The Boston Consulting Group in India.
Rohit graduated from the Indian Institute of Technology with a B.Tech-M.Tech (dual degree in Electrical Engineering) and holds an MBA with high honors from the University of Chicago Booth School of Business.
Ajay has overall responsibility for the Bonaccord business and is a member of Bonaccord’s investment committee.
Prior to forming Bonaccord, Ajay was a Senior Managing Director at Guggenheim Partners, where his activities focused on strategic development within alternatives. Previously, Ajay was a Managing Director and Head of Europe for Swiss Re’s Equity and Fund-Linked Group. Ajay spent over a decade at Morgan Stanley, where he held a variety of roles spanning Capital Markets and Investment Banking in both London and New York.
Ajay earned a Bachelor of Science in Electrical Engineering from Rensselaer Polytechnic Institute.
Weston Wilkinson is an Investment Partner in the Investcorp Strategic Capital Group, based in New York. His primary responsibilities include sourcing and executing new investment opportunities. Weston is a member of the investment committee.
Prior to his current role, Weston was the Co-Chief Investment Officer at Azimut Alternative Capital Partners, Azimut Group’s GP Stakes and GP Seeding investment business, where he led the Firm’s investment team and process. Prior to that, he was a Director at Perella Weinberg Partners, serving as a senior member of the Firm’s asset management business and overseeing strategic growth initiatives. Previously, Weston was an Associate at Berkshire Global Advisors, where he advised asset and wealth management clients on mergers and acquisitions.
Weston holds a B.A. in Middle Eastern Studies and Economics from the University of London.
Michelle Cheh is a Partner in Simpson Thacher’s Hong Kong office, focusing on Private Funds and Funds Transactions. She has extensive experience in advising on both fund formation and secondary transactions in the Asia-Pacific region. She advises sponsors on the formation and structuring of private investment funds across numerous asset classes, including private equity, private credit and real estate. Her practice also focuses on GP-led and LP-led secondaries and liquidity solution transactions including continuation funds, LP portfolio sales, stapled secondary offerings, fund recapitalizations and restructurings and management team spin-outs.