LP-GP Forum: GP Stake Sales
Overview
GP stake sales have become more prevalent in recent years, with benefits for fund managers and their investors. This forum will provide the opportunity to hear more about the drivers behind them, both from an LP and a GP perspective, and to hear more about the benefits and challenges. Whether you’re an emerging manager, from an established fund manager, or you’re an LP, this forum will provide in-depth insights in a short space of time.
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Date and time
Friday 25 September, 13:00 - 13:45
Speakers
Gareth Boardman, Senior Investment Manager, Misland
Gareth Boardman joined Misland Capital, a London based single-family office, in 2013 as Head of Direct Investments where he oversees Misland Capital's co-investment programme which invests primarily alongside its existing GPs in global Private Equity transactions ranging from mega buyout deals down to small cap transactions. Misland co-invested in the Providence Equity GP stake led by Dyal in 2016 and more recently acquired a direct minority interest in EagleTree Capital. Gareth began his career on the HSBC Global Private Banking Programme working in investment roles in Hong Kong and New York before taking a role with the Latin America team in Geneva. Since then he has worked with family offices and ultra-high net worth individuals on direct investments.
Lindsey McMurray, Managing Partner, Pollen Street Capital
Lindsey founded Pollen Street Capital in 2013 and is the Managing Partner as well as Chairman of the investment committee.
Lindsey has been a private equity investor for more than 20 years with a particular focus on the Financial Services sector. Before she founded Pollen Street Capital,
Lindsey led the team managing the £1.1bn Special Opportunities Fund within RBS and also spent six years as a Partner at Cabot Square Capital, focusing on operating investments in real estate and other asset backed investments, together with investments in the financial services sector.
Lindsey serves as non-executive director of a number of portfolio companies including Shawbrook Bank, Cashflows Europe and Bidx1.
She has a First-Class Honours degree in Accounting and Finance and studied for an MPhil in Finance from Strathclyde University.
Tom Rotherham-Winqvist, Managing Director, Wafra
Tom joined Wafra in November 2018 as Managing Director and Head of the European Office. His role includes strategic partnerships, including Capital Constellation; and screening EU-based investment opportunities. All investment decisions are taken in the New York City headquarters. Prior to joining Wafra, Tom spent 5 years helping to establish the Institutional Investors Roundtable (IIR) as the platform for pension and sovereign funds seeking to collaborate with peers and develop innovative models in private markets. Between 2009-2013 Tom was Director, Private Markets at Hermes Fund Managers and its beneficial owner, the British Telecom Pension Scheme.
Wafra was established in New York City in 1985 by its beneficial owner, the Kuwaiti Public Institution for Social Security (PIFSS). Wafra manages c. $24 billion of assets and commitments in direct and fund investments across a range of alternative asset classes, including private equity, real assets and tradeable securities. Wafra acts as managing member of Capital Constellation, a cooperative of seven institutional investors who provide catalytic capital to next generation private market investor entrepreneurs.
Charles Vernudachi, Managing Director, Providence Equity Partners
Charles Vernudachi is a managing director based in our London office, where he focuses on business development activities in Europe. Prior to joining Providence in 2014, Mr. Vernudachi was a managing director with Eaton Partners in London, where he oversaw the EMEA distribution of private equity funds and hedge funds. Previously, Mr. Vernudachi was a senior client executive with SEB in London where he was responsible for the distribution of alternative solutions in Europe. From 2007 to 2008, Mr Vernudachi co-founded a London based placement agent of alternative funds. Prior to that, Mr. Vernudachi was an executive director in the securities division of Goldman Sachs where he was responsible for the distribution of liquid and structured credit products. Mr. Vernudachi started his career with Natixis in Paris. Mr. Vernudachi received a Bachelor of Science from the University Paris Dauphine. He is a CAIA Charter Member and co-founder of the Paris chapter.
Further information
Webinar recordings are made available on the same day of broadcast between 16:00 and 17:00. You can also access all previous recordings on our coronavirus updates page here.
Please send your questions, comments and feedback to communications@bvca.co.uk or events@bvca.co.uk.