ARMEN

🌟 Join the Movement: Armen HEC Index Second Edition! 🌟 Building on the success of the first edition presented at IPEM 2023 by Dominique Gaillard, we are launching the second edition of the Armen HEC Index! In partnership with HEC Junior Conseil, this index is the first of its kind for wealth sharing among European asset managers (GPs). It aims to highlight best practices in economic value sharing among GPs and to set a benchmark for the industry towards long-term alignment and sustainable growth that benefits all stakeholders. 🔍 Why participate? - Showcase your commitment to best practices within your ecosystem - Gain privileged access to exclusive analysis and benchmarks from the survey - Contribute to a positive transformation by promoting responsible practices in the private equity space - The best-in-class GPs will be showcased (1), further strengthening their position as responsible leaders in the industry 💬 Take part in our brief survey and help shape the future of wealth sharing within the private capital space! Your responses will remain strictly anonymous (Armen does not have access to the collected data). 👉 Survey link: https://lnkd.in/ehm6CxkU 👉To know more about the Armen HEC Index: https://lnkd.in/eQMHCpq4 Dominique Gaillard Laurent Benard Renaud Tourmente Thierry Baudon Catherine Haumesser Paul Kucerin, CFA Dörte M Höppner Marta Jankovic Yannick Grandjean Benjamin Lamothe Dohyung KIM Sandrine Allilaire-Vo Valentine BRISAC Nicholas TC C. Max Darque Laure D. Fanny Grasset Henrik Hoffmann-Fischer Salomé Lema Christine Panier Sophie Raynaud Yves Soyfer Stéphanie Vervoitte Dominicus von Neree Noé Besson Yanis Sameur #PrivateEquity #ValueSharing #WealthSharing #GPStakes #HEC #HECJuniorConseil (1) Upon respective GPs approval, whilst data will remain confidential

📢 ARMEN announced a strategic partnership with Signal Capital Partners, a leading private asset management firm focused on private credit solutions for European corporate and real estate mid-market assets 🚀   Signal Capital is a leading capital solutions provider in the alternative credit space in Europe, with a highly seasoned management team that brings together a unique set of skills across asset and structural complexity, said Catherine Haumesser, Managing Director, Armen, Head of UK.   This fourth investment, the third since the start of the year, demonstrates the relevance of Armen's offering, which addresses a target market in Europe of 950 management companies with assets of between €500m and €10bn," says Laurent Benard, CEO of Armen. Between backing and consolidation, we offer an alternative to teams looking to accelerate their growth.   Elad Shraga Max Darque Salomé Lema   Find out more 👉https://lnkd.in/eQ-6MWCu   #Armen #Investment #SignalCapital #GPStakes

📢 New Edition Announcement! We are pleased to present the latest GP Stake market bulletin. Stay tuned for more exclusive content and updates! 👉 The Carlyle Group Buys Stake in Real Estate-Finance Firm North Bridge  Carlyle is acquiring a minority stake in North Bridge ESG. Founded in 2021 and based in New York, North Bridge is specialized in private credit lending for clean energy projects, called C-PACE financing. As part of this strategic partnership, Carlyle will also commit up to $1bn to North Bridge.  https://lnkd.in/eivvUcGC 👉 New Catalyst Strategic Partners seeks $750m for launch of first fund  Los Angeles-based GP staker, New Catalyst is aiming to raise $750m for its debut fund. Launched in January 2024 with backing from Apollo Global Management, Inc., the firm seeks to help newer managers who have been impacted by the recent slowdown in private equity fundraising.  https://lnkd.in/gtGE6cHM   👉 Japan's SBI Holdings acquires equity stake in Gateway Partners SBI Holdings, a Japanese finance conglomerate with over $187bn, is taking a minority position in Gateway Partners. Gateway, found in 2015, focuses on the fast-growing economies of Southeast Asia, the Middle East, and Africa, and has made over $1.5bn in investments across 25 portfolio companies.  https://lnkd.in/gVkkW-Cy   👉 Caisse de dépôt et placement du Québec (CDPQ) announced they are acquiring a minority stake in Chinook CDPQ has partnered with Chinook Forest Partners to launch an investment platform focused on building a diversified portfolio of forestland, while CDPQwill become a minority shareholder. Established in 2018, Chinook is a natural capital investment manager investing in long-term, sustainability managed real assets.  https://lnkd.in/g2yzTwcK   👉 Petershill H1 results: income and profit rise on fee-related earnings  Fee-related earnings were up 13% YoY to $112m and adj. EBIT increased to $128m compared to $120m last year. The firm raised $14bn in organic gross FEAUM and realized $8bn from existing investments in the six-month period.  https://lnkd.in/gYGWvsPb 👉 Preqin highlights on GP stakes strategy; summarized under 3 points 1️⃣ $60bn GP stakes market: Funds investing in GP stakes currently have an AUM of $60bn, with growth expected as private equity AUM increases. 2️⃣ Lower end to grow: Growth is predicated on more than 2,500 GPs potentially selling stakes. Through the seeding of new managers, the market is expected to also expand at the lower end. 3️⃣ Target returns: GP stakes funds are typically targeting within the 5–15% range. https://lnkd.in/eJ9My2_V #ARMEN #GPStakes #PrivateEquity #GPStakeBulletin

📢 New Edition Announcement! We are pleased to present the latest GP Stake market bulletin. Stay tuned for more exclusive content and updates!   👉 Walter Global Asset Management acquires minority stake in venture shop Brightspark Ventures. [09/10]  Walter Global Asset Management has acquired a minority interest in Brightspark, a Canadian VC. Founded in 1999, Brightspark manages over $500m and focused on investing in early-stage technology companies located across Canada. https://bit.ly/3zemDvu   👉 Petershill sells stake in LMR Partners for up to $258m [09/05]  Petershill has sold its stake in LMR Partners back to the company’s leadership team for up to $258m. The transaction consists of an upfront payment in cash of $107m, a deferred consideration of $111m and an earn-out payment of up to $40m in cash. https://bit.ly/4dcJzci   👉 Sixth Street Reportedly Buys TPG Partners’ Stake at $10B Valuation [09/03] Sixth Street repurchased a stake from TPG's partners for over $1bn, valuing the firm at around $10bn, following TPG's acquisition of competitor TPG Angelo Gordon. SixthStreet, founded in 2009, separated from TPG in 2020 to focus on credit, while TPG concentrated on private equity. https://bit.ly/3MS2w9r   👉 Wafra’s Capital Constellation backs new arrival Citation Capital [07/08]  Citation Capital, a Dallas-based PE firm founded in 2023, announced a strategic investment from Wafra. Citation specializes in mid-cap buyout investments in the services, industrial and select consumer sectors in North America. https://prn.to/4e90JbT 👉 GP Stakes Firm Armen Buys Stake in Credit Fund Chorus Capital [09/09]  Armen, a European investment firm focused on buying stakes in private equity houses, is buying 16% of Chorus Capital in its first investment in the alternative credit space. https://bloom.bg/4exKpSa   👉 BNP Paribas in talks to buy AXA Investment Managers for 5.1bn euros [08/01] BNPP is in exclusive talks with AXA to buy 100% of AXA IM at an agreed price of €5.1bn. The combined entity would have total AUM of about €1.5trn and would become one of the top European asset managers after Amundi (€2.2trn). https://reut.rs/3BcI3cQ 👉 AXA IM’s alts arm to buy out mid-market specialist CAPZA [09/06] AXA IM Alts has acquired CAPZA, increasing its position from majority shareholder to full ownership by 2026. CAPZA manages over €9bn in assets across private debt and equity in the EMEA region. https://bit.ly/4ec69D2 #ARMEN #GPStakes #PrivateEquity#GPStakeBulletin

🤝 Armen announces a strategic partnership with Chorus Capital, a leader in alternative credit investments and bank risk-sharing transactions (RST).    🎯 As part of this partnership, Armen will acquire a 16% minority equity stake in Chorus Capital, marking Armen GP Stakes Fund I’s third investment and its first venture into the growing alternative credit space.   Find out more 👉 https://lnkd.in/edJA_SbD Gilles Marchesin Laurent Benard Kaikobad Kakalia Juan Grana Arnaud C. John Hudson Catherine Haumesser Balthasar Max Darque Benjamin Lamothe   #GPStakes #PrivateDebt #Partnership 

🤝 Armen announces a strategic partnership with Chorus Capital, a leader in alternative credit investments and bank risk-sharing transactions (RST).    🎯 As part of this partnership, Armen will acquire a 16% minority equity stake in Chorus Capital, marking Armen GP Stakes Fund I’s third investment and its first venture into the growing alternative credit space.   Find out more 👉 https://lnkd.in/edJA_SbD Gilles Marchesin Laurent Benard Kaikobad Kakalia Juan Grana Arnaud C. John Hudson Catherine Haumesser Balthasar Max Darque Benjamin Lamothe   #GPStakes #PrivateDebt #Partnership 

 📢 New Edition Announcement! We are pleased to present the latest GP Stake market bulletin. This bi-weekly publication provides in-depth analysis of trends, market dynamics, and key insights. Stay tuned for more exclusive content and updates! 👉 Nikko Asset Management Group to acquire stake in Tikehau Capital as part of larger partnership Nikko AM is acquiring an equity stake in Tikehau Capital as part of a strategic partnership. Meanwhile, Nikko will also have exclusive distribution rights in Japan and non-exclusive rights in Asian markets for certain Tikehau Capital funds. https://lnkd.in/eVGGNq6X   👉 Investcorp uses blockchain to target investors for second GP-stakes fund Investcorp announced the partnership with digital assets specialist Securitize to make its latest GP stake fund available to HNWIs on a public blockchain. The fund allows qualified investors to buy a slice of the tokenized fund with a minimum investment of $20,000 and a one-year lockup period. https://lnkd.in/etnHhx_2.   👉 Korea's $793bn NPS forms dedicated continuation fund, GP stakes teams The National Pension Service (NPS) of Korea has formed teams dedicated to continuation funds and GP stakes to enhance returns. NPS aims to allocate 16.3% ($185bn) to alternatives by 2030. This move is facilitated by a new flexible reference portfolio approach due to NPS’ potential financial strain from South Korea's shrinking population.  https://lnkd.in/g8Hn3Hgt   👉 Advent International and Abu Dhabi Investment Authority (ADIA) unit to acquire minority stake in Fisher Investments Advent International and a subsidiary of the Abu Dhabi Investment Authority (ADIA) will acquire a $2.5bn to $3bn minority stake in Fisher Investments, valuing the firm at $12.75bn.  https://lnkd.in/eF_zdH-D   👉 Pitchbook - European Private Capital Outlook: Midyear Update o    Less Investments, Even less Exits: The European PE investments/exits ratio will reach a 15-year high due to a muted exit market stemming from price dislocation o    Winners Took All: PE fundraising concentration in the top three funds will hit a record percentage as fundraising drops o    European Snap Election: The UK will remain the European leader for private capital, but France and Germany could close the gap amid a challenging geopolitical landscape https://lnkd.in/ejWsRZ_6. #ARMEN #GPStakes #PrivateEquity #Investment #GPStakeBulletin

📢 New Edition Announcement! We are pleased to present the latest GP Stake market bulletin. This bi-weekly publication provides in-depth analysis of trends, market dynamics, and key insights. Stay tuned for more exclusive content and updates! 👉 CAZ Investments CAZ - GP Stakes A New Path to Private Equity CAZ describes GP stakes as a way to capitalize on the shift to the private market. https://lnkd.in/eufJy23N 👉 bfinance - GP Stakes Funds Seek $30bn With Promise of Private Equity Plus Yield https://lnkd.in/ehr5w9Gu 👉 Eurazeo to exit 25% stake in MCH Private Equity Eurazeo sold its 25% stake in MCH Private Equity to the MCH management team. Founded in 1998, Madrid-based MCH is a small-cap private equity investor with eight funds and €1.3 billion in AUM. Despite the sale, Eurazeo is keeping an €80m investment in the MCH V fund, having initially invested in the firm in 2019.  https://lnkd.in/erhCX4Am   👉 FUBON LIFE INSURANCE CO., LTD. backs Blue Owl Capital's GP Stakes Fund with $70m commitment Fubon Life Insurance, the insurance unit of the Taiwanese financial conglomerate Fubon Financial Holdings, has committed $70m to Blue Owl GP Stakes VI. Fubon Life had invested $50m to Blue Owl earlier in 2022.  https://lnkd.in/emrNDEHm 👉 Sustainable Development Capital, LLP announces Minority Investment from General Atlantic General Atlantic’s climate growth fund agreed to buy 24.9% of Sustainable Development Capital LLP (SDCL), which has $2.5bn AUM. SDCL develops and invests in projects focused on energy efficiency and decarbonization. The deal also involves an investment of up to $50m including an earnout.  https://lnkd.in/eSYMADNq 👉 AFLAC Global Investments takes a Different Approach to GP Stakes Aflac Global Investments, managing $100bn in assets, has adopted an opportunistic approach to acquiring stakes in asset managers, rather than a buy-and-hold strategy. Since 2017, Aflac has made five GP stake investments, already selling two: NXTCapital and Varagon Partners.  https://lnkd.in/eC9VxaDa #ARMEN #GPStakes #PrivateEquity #Investment #GPStakeBulletin

📢 New Edition Announcement! We are pleased to present the latest GP Stake market bulletin. This bi-weekly publication provides in-depth analysis of trends, market dynamics, and key insights. Stay tuned for more exclusive content and updates! 📈 GP Minority Stakes Investments Set to Take Off in Europe’s Mid-Market  AltAssets covered the growing GP stakes market and major reasons behind this trend.  - On the GP side, the article points out that as minority stake investors are passive and sticky, GPs can 1) put larger GP commitments and have 2) an enhanced balance sheet position 3) without losing control of their business.  - From the LP's perspective, accessibility to 1) GPs' total cash flow instead of the returns from individual fund and a 2) diversified portfolio were mentioned as the main benefits.   Aligned with the increase of funds focused on the European mid-market, interest among European GPs in selling minority stakes has also been rising. According to the law firm Dechert, 57% of PE managers in the region are planning to sell a minority position in the next 18 months.  https://lnkd.in/e79EQd69 📊 Performance watch: Blue Owl’s GP stakes funds PEI investigated Blue Owl’s flagship funds’ performance based on reports from Minnesota State Board of Investments. Figures are as of Dec 31,2023.  https://lnkd.in/eD8veQ9f   💰 Minnesota approves up to $175m in commitments to Blue Owl GP Stakes VI Minnesota State Board of Investment (SBI) approved four new private market commitments totaling up to $625m. Out of new commitments, up to $175m was authorized to Blue Owl’s GP Stakes VI. The SBI has already invested $625m in earlier Blue Owl GP stakes Funds.  https://lnkd.in/eFzJiuyV   🤝 AMG Announces Partnership with Suma Capital $700bn AUM investor AMG (Affiliated Managers Group) acquired a minority equity interest of Suma Capital. Barcelona-based Suma, founded in 2007, focuses on the transition to a lower carbon economy through three different investment strategies- Growth, Infra and Venture and manages $800m in AUM.  https://lnkd.in/eXbUUfd9 💼 Aflac buys a stake in a direct lender, getting a piece of the private credit boom  Insurance giant Aflac acquired a 40% stake in Tree Line Capital for c.$100m. TreeLine currently manages $2.7bn in assets and specializes in direct lending to the lower middle market. In addition, Aflac is making a multiyear commitment to allocate a portion of its annual investable cashflow to Tree Line. https://lnkd.in/e9yhTbd6 #ARMEN #GPStakes #PrivateEquity #Investment #GPStakeBulletin

✨Our team looks forward to meeting you next week at the SuperReturn International! #SuperReturn2024 #Investment #Armen #GPStakes #FinancialGrowth