Tail End Capital Partners’ Post

GP Stakes Come of Age for PE Firms. Here’s what makes this asset class so attractive. The excitement around GP stakes has coincided with the growth in GP-led secondaries, where GPs create continuation vehicles for strong assets that they aren’t ready to sell, while providing the option of liquidity to their LPs. This type of investing is one of private equity’s lesser-known strategies, but it is quickly gaining momentum. https://lnkd.in/esXppVxy #pe #firms #pefirms #GP #growth #privateequity #investing

CapitaLand Ascott Trust (#CLAS) increased its 1H 2024 gross profit by 12% year-on-year (y-o-y) to S$172.9 million. Revenue also rose by 11% y-o-y, reaching S$386.4 million. The increase was mainly on the back of sustained lodging demand and stronger operating performance. As demand for international travel continued to increase, CLAS’ revenue per available unit (REVPAU) for 1H 2024 grew 5% to S$145, compared to 1H 2023 and CLAS’ REVPAU for 2Q 2024 went up by 4% y-o-y to S$155.    CLAS’ continued portfolio reconstitution efforts enhance its resilience and provide capacity for future growth: ✅ In the past year, CLAS announced divestments of S$408.1 million across 10 mature assets, unlocking about S$44.6 million in gains. ✅In 1H 2024, CLAS completed the accretive acquisitions of two longer-stay assets: Standard at Columbia in the USA (remaining 10% stake), and Teriha Ocean Stage in Japan. ✅Part of the divestment proceeds has been used to pare down higher-interest debt, keeping gearing healthy and delivering accretion. ✅CLAS also completed asset enhancement initiatives (AEI) for four properties; four more properties in the pipeline expected to uplift distribution income when completed.   CLAS remains committed to delivering long-term returns to its Stapled Securityholders. For more on CLAS’ 1H 2024 financial results, visit: https://bit.ly/CLAS1H24 Serena Teo #CapitaLandAscottTrust #Lodging #REIT

We are thrilled to announce a strategic partnership with CPP Investments | Investissements RPC! This announcement is another step forward in deploying capital side-by-side with strategic investing partners and driving scale within our operating platforms. Read about the details in our press release: https://lnkd.in/ecsR2sBs #RedwoodTrust #RWT #REIT #HousingFinance #Investing #CPPInvestments #StrategicPartnerships

Completed 9th Batch of #MultiBagger #investing. It was an absolute pleasure teaching them. Wish all of them are able to apply the learnings, find few #multibaggerstocks & compound their wealth manifold. #bse #nse #nifty #sensex #longterminvesting #investing #investingtips #BANKNIFTY #longterminvestment #multibaggershare #multibaggers #Multibagger #multibaggerstocks

The largest publicly traded private equity (PE) firms have seen a substantial increase in fund inflows and adjustment to their areas of focus, particularly driven by private credit, according to our Q1 2024 US Public PE and GP Deal Roundup @Pitchbook, despite a challenging exit environment in 2024. Key Highlights Include: -Shift to Private Credit:Private credit attracted 70% of fund inflows, reflecting a very significant shift in investment focus by investors! - Major Fundraising Channels: Private wealth and insurance sectors continue to be pivotal, contributing an estimated 48% of credit fundraising in 2023. - Increase in GP-to-GP M&A Deals: Consolidation Deals involving general partners (GPs) targeting other GPs surged by 58% as of May 1st compared to the same period last year as large firms pursue the “buy” strategy in lieu of “build”! #privateequity #privatecapital #pe #vc #credit #privatecredit;#privatedebt #institutionalinvestor #buyout #growthequity #consolidation #m&a

General Partner (GP) stakes have continued to capture headlines over the past several months and have drawn a growing number of alternative managers to the space. Read our latest piece where we dive into defining GP stakes, the mechanics behind them, and what may be at stake looking ahead. https://lnkd.in/gsgas-Bf #alternatives #investments #wealthmanagement

Sign-up for #ALTSLA today to hear from the one and only Jayne Bok, CFA, CAIA and the Head of Investments, Asia at Willis Towers Watson! Less than a week away - secure your spot today!🔒 #alternativeinvestments #financialinvestment #investing #investment #alts #ALTsLA2024 #ALTsLA24 #financialinvestments #alternativeinvestment #alternativeinvesting #marketsgroupALTS

A William Blair research report shows that there is still room for tremendous growth for GP-led secondary transactions such as continuation vehicles in the middle market. I'd guess that the percentage of independent sponsors that have completed GP-leds is in the low single digit percentages. Tail End Capital Partners is focused on working with middle/lower middle market sponsors on single asset transactions targeting underlying companies with $10 million - $50 million of EBITDA. Source: William Blair "2024 Secondary Market Report": https://lnkd.in/gNums3gZ #gpledsecondary #sponsorledsecondary #continuationvehicle #cv #continuationfund #secondary #secondaries #pe #privateequity #liquidity #secondarymarket #independentsponsor #privateequityfirms

Very productive week so far. One investor pledged another £10k with us. Meeting with potential new JV partner went well. Running numbers on this HMO we’re looking to buy! More to come before the weekend too! #property #realestate #propertysourcing #propertyinvesting #propertytips #propertyinvestment #propertyuk #propertycouple #HMO

GP-led secondaries bet on continuation funds Muted M&A activity and continued pressure on liquidity have resulted in the GP-led secondaries continuing with their strategy of holding on to their investments and rolling them over into new funds, says a market report. The launch of a $450 million continuation vehicle early in 2024 could well cause others to follow suit.   The report notes that with M&A and IPO markets still dragging their heels, the opportunity for a private equity firm to sell an asset to themselves and obtain a cash injection while passing on returns to investors is a welcome option.   Going forward continuation vehicles could become a good option to allow GPs to provide options for LPs requiring liquidity. Not to mention the other objectives that they achieve in terms of raising incremental capital to support growth and better timing their exits.