Manager Ownership Dynamics
Concerns from LPs about managers losing motivation after outside ownership are evolving, with many now viewing these transactions with indifference. Interestingly, the performance of funds remains consistent before and after selling stakes, while AUM growth hasn't expanded as expected. Instead, there's been an increase in the diversity of strategies pursued by managers post-transaction, indicating a shift in focus rather than a decline in performance.In this clip
From this podcast
Capital Allocators – Inside the Institutional Investment Industry
Wylie Fernyhough – Private Equity Stakes (Capital Allocators, EP.208)
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