Q3 in Private Equity Has GP Stakes Managers Ramping Up Hiring

With tracked a total of 123 private equity moves, the busiest quarter of the year, and an increase of 28% on Q2’s total of 96.?

GP Stakes saw a big increase in people on the move from Q2, with 11 senior hires tracked.??

Blue Owl Capital was responsible for seven hires, bolstering its investment and investor relations teams as it eyes $13bn for its latest GP Stakes offering.??

Meanwhile, Apollo-backed startup New Catalyst Strategic Partners staffed up in Q3 as it kicked off fundraising for its debut fund, which has a $750m target.?

At the end of October, Capricorn Investment Group launched its second GP stakes fund, Sustainable Investors Fund II - SIF II, and is looking to raise $600m.

The hires come amid a particularly hot market for GP stakes funds, with fundraising for these vehicles approximately doubling over the past couple of years.?

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