Sernovitz: GP stakes funds bet on excess management fees over outperformance
Gary Sernovitz · Gary Sernovitz - Inside the CIO Seat (EP.357) · Dec 18, 2023 · at 36:32
Gary Sernovitz discusses institutional perspectives and GP stakes investing dynamics while reflecting on themes from his private equity novel.
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“If you talk to some of the guys in the GP stakes funds, It's a bet on the excess management fees rather than outperformance.”
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