GP Stakes: Is One Of Your LPs Your Next GP Partner?

South of the border, GP staking has moved from niche to mainstream, with the emergence of dedicated funds whose sole focus is acquiring GP stakes. That trend is starting to spill over into Canada, where a growing number of mature managers with strong track records are catching the eyes of U.S. GP stakes investors. But for Canadian sponsors looking for liquidity and/or a strategic partner, it's important not to overlook the potential GP partners in their very own backyard. While Canada doesn't yet have funds dedicated exclusively to GP stakes, it has no shortage of sophisticated investors, many of whom are already Canadian fund LPs who have long been recognized for their sophisticated approach to alternative investments.