News & Events

Funds Partner Peter Gilman was featured in a Private Equity Law Report Q&A titled “Selling Minority Stakes in PE Firms: The Appeal of Stable and Early Income Streams (Part Two of Two).” In the article, Peter comments on some of the recent trends and considerations related to PE “minority stakes” transactions, including the trend towards sponsors forming dedicated multi-billion dollar “minority stakes” funds to purchase interests in PE firms as a result of the stable, early returns that can be achieved in the space which mitigate the typical J-Curve associated with traditional PE acquisitions, as well as issues relating to the use of proceeds by selling PE firms.

The article is part of a two-part series focusing on the evolution of minority stake transactions over the past decade, which now represents one of the hottest niche markets in the PE industry. In part one of the series, Peter discusses how the buyers and sellers have evolved over the last decade, as well as key considerations, terms and trends when structuring these deals.

To read part two of the Q&A series, please click here (subscription required).