Latest / Capital Allocators – Inside the Institutional Investment Industry
Succession - Sarah Samuels on Generational Transitions (EP.400)
As the first generation of investment firm founders approaches retirement age, the issue of succession to the next generation is increasingly at hand. We've seen several successful transitions of firms, many that haven't survived their founders, and an entire sub-industry arise to help facilitate generational transfers across GP stakes, public offerings, and structured transactions.
With both managers and allocators thinking more about the inevitability of succession, I thought it would be helpful to share what a leading allocator who reviews thousands of managers has learned about the issue…
The skinny
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