LP interest
also referred to as: lp interests
2 statements across 1 episodes · 1 bullish · 0 bearish · 1 people on the record · first statement Jun 5, 2024 by Hunter Somerville · across every show →
Everything said about LP interest, oldest first
Jun 5, 2024 neutral
StepStone purchases LP secondary stakes primarily in fund years seven to 10
“We're buying LP interest generally in years seven to 10 of the life, I would say, if I had to average that out. So, you know, we're not going to buy secondary interest when it's like two to three years old. That's like almost a season primary and doesn't fit o…”
Jun 5, 2024 positive
StepStone has purchased secondary stakes from fatigued LPs in Indian funds
“We have bought LP interest purchases where people have been fatigued by those situations that I just described where they're getting into higher years and, you know, they don't want to continue to wait and they'd like to redeploy that capital where we've come …”