Azimut Alternative Capital Partners, LLC (“AACP”) is the New York-based GP Stakes Business of Azimut Group. AACP acquires minority equity stakes in private markets firms (e.g. private equity, private credit and real assets) in the lower middle market ($500M - $3B AUM at the time of investment) primarily in North America and Western Europe.
External link for Azimut Alternative Capital Partners
New York, US
Azimut Alternative Capital Partners reposted this
Azimut Alternative Capital Partners exits stake in RoundShield Partners. This marks the firm's second exit in its GP stakes business after Kennedy Lewis Investment Management LLC, generating a combined IRR of 60%. Giorgio Medda #Secondaries #SecondaryMarket #AlternativeInvestments #PrivateMarkets #GPStakes #GPStake #GPSeeding #Deals https://lnkd.in/evubvpEu
Azimut Alternative Capital Partners reposted this
Harrison Street Asset Management (Colliers' investment management division) acquires 60% majority stake in RoundShield Partners • RoundShield is a European credit investment manager with $5.4 billion in AUM • Harrison Street acquired a 60% equity interest in the firm from RoundShield's management and Azimut Alternative Capital Partners • Azimut Alternative Capital Partners exited its minority interest generating a MOIC of 1.4x for itself and its co-investor in RoundShield (funded $48 million of its larger commitment to RoundShield and received $67 million in deal proceeds and distributions) • Azimut Alternative Capital Partners, after two pre-fund exits completed, now has a pre-fund DPI of 2.9x and IRR of 60% • Advisors: RoundShield (Lincoln International, Sidley Austin LLP), Harrison Street (DLA Piper) #GPStakesNews #GPStakes Christopher Merrill Giorgio Medda Michael Shedosky Vittorio Pracca Antoine Dupont-Madinier Herbert B. Jesse Criz Jon Venick Never miss a post: GPStakesNews.com Connect with me: Maxwell Greenstein
Azimut Group via entities affiliated with Azimut Alternative Capital Partners, the GP Stakes investment arm of Azimut, today announced the sale of its minority equity interest in RoundShield Partners LLP to Harrison Street. This transaction marks Azimut’s second pre-fund exit in its GP Stakes business. This strategic exit underscores the enhanced liquidity and attractive strategic value of investments in lower middle market GP Stakes (firms with $500 million to $3 billion in AUM). Azimut’s first exit, the April 2024 sale of its stake in Kennedy Lewis Investment Management to Petershill at Goldman Sachs, generated a gross MOIC of 4.2x. Today’s strategic sale to Harrison Street represents another path to liquidity in lower middle market GP Stakes. Read the official press release here: https://lnkd.in/eYeeaQ7C
Michael Shedosky, Co-CIO of Azimut Alternative Capital Partners, spoke with Mergers and Acquisitions - themiddlemarket.com about the evolving GP stakes market: “[F]or most LPs, GP stakes investing, where buyers typically take a minority position in a PE firm’s management company, is still a novelty. While GP stakes investing does have its roots back in the years before the 2008-2009 financial crisis, Shedosky argues it is nonetheless a new asset class, which offers ‘risk return characteristics that no other asset class is offering.’” Read the full article: https://lnkd.in/ex7bfJvR
One week out from Pension Bridge's Private Equity Exclusive in Chicago! Are you attending? Please reach out to coordinate a meeting (https://lnkd.in/erwUK2cg). David Velasquez Maclain Mills Learn more about our investment approach: https://lnkd.in/eJH_qZ6n #PBPEX25 #PrivateEquity #GPStakes With Intelligence With Intelligence - Pension Bridge
We are looking forward to joining Pension Bridge’s Flagship Private Equity Exclusive at The Ritz-Carlton Chicago on July 15-17. Are you attending? Please reach out to coordinate a meeting (https://lnkd.in/erwUK2cg). David Velasquez Maclain Mills Learn about our differentiated approach to GP stakes: https://lnkd.in/eJH_qZ6n #PBPEX25 #PrivateEquity #GPStakes With Intelligence With Intelligence - Pension Bridge
Azimut Alternative Capital Partners reposted this
It was a privilege for Azalea to be part of SuperReturn International 2025 in Berlin, the world’s largest private equity event, where Timothy Koh, Director, Investments, moderated a fireside chat on the growth of GP Stakes with Michael Shedosky, Co-Chief Investment Officer at Azimut Alternative Capital Partners. The conversation traced the evolution of GP stakes from a niche financing solution to an institutionalised asset class that is reshaping capital flows across private markets. Michael shared his perspective as one of the early architects of the strategy, walking us through its origins and the key drivers behind its growth and adoption. We also examined how the strategy fits into broader portfolio construction, its resilience in today’s macro environment, and the mechanics of deal structuring - from preserving long-term alignment between GPs and LPs to bridging valuation gaps through innovative features like convertible preferreds. The session concluded with a look ahead to the next chapter for the asset class: increasing segmentation by market, asset class, and geography; expanding liquidity pathways; and growing interest from the retail channel as the ecosystem continues to mature. A big thank you to Michael and the SuperReturn community for a thoughtful dialogue on one of private markets’ most closely watched strategies. #AzaleaInvestmentManagement #PrivateEquity #SuperReturn
Azimut Alternative Capital Partners reposted this
Azimut Alternative Capital Partners releases thought piece on the rise of GP Stakes • The paper addresses the factors that drove the popularity of GP Stakes, how GP Stakes deals create more aligned / durable businesses, how GP Stakes compares to other PE from a liquidity view, and the future for the GP Stakes market • Jeffry Brown, Michael Shedosky, and Brian Farrell contributed to this piece #GPStakesNews #GPStakes Azimut Group Never miss a post: GPStakesNews.com Connect with me: Maxwell Greenstein
In The Rise of GP Stakes: From Niche to Mainstream, Jeffry Brown, Michael Shedosky, and Brian Farrell examine how GP stakes have evolved from niche transactions to a mainstream institutional private equity strategy. They explore the key factors driving this transformation and outline why GP stakes now represent a compelling opportunity for institutional portfolios seeking diversified private markets exposure with attractive defensive characteristics. We look forward to hearing your thoughts!
Azimut Alternative Capital Partners reposted this
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The big, beautiful 😉 SuperReturn week is ending! An energising opportunity to meet, greet, pitch and have informal quality time with LPs, friends and colleagues. That was also an opportunity for attendees to listen to industry veteran Michael Shedosky , CIO, Azimut Alternative Capital Partners , describe the evolution of GP Stakes from early hedge fund deals to today’s sophisticated investments across private equity and credit platforms. What started with hedge fund-focused strategies has matured into a compelling, yield-generating, downside-protected investment in the long-term growth of asset managers. The shift toward minority equity stakes in private markets GPs offers LPs both steady cash flows and exposure to broad fund vintages, an attractive hybrid of infrastructure-like stability and PE-style upside. 📉 In today’s macro backdrop, where distributions are muted and exit activity is slow, the resilience of GP Stakes stands out. The model offers diversified exposure across fund vintages, enhancing durability and cash generation. From convertible preferred structures to strategic exits and growing regional specialization, the GP Stakes ecosystem is evolving and here to stay. Key Takeaways: 🧬 Evolution: From hedge fund GP stakes to diversified PE-focused deals. ❤️ Why LPs Like It: Bond-like downside with PE-like upside, steady fee income + carry participation. 💡Structural Innovations: Rise of convertible preferreds to bridge valuation gaps in volatile markets. 💪🏻 Resilience: GP stakes offer exposure across multiple vintages, reducing reliance on single exit cycles. 🤝 Alignment Focus: Deals increasingly designed to retain key talent and align long-term incentives. 💲Exit Pathways: Growing M&A activity, strategic buyers, and internal recapitalizations are reshaping the liquidity profile. 🔮 The Future: More segmentation (by size, geography, asset class), strategic sleeves, and retail access may define the next chapter. #PrivateEquity #GPStakes #AssetManagement #InstitutionalInvesting #PrivateMarkets #AlternativeInvestments #Azimut #FundFinance #Secondaries #PrivateCredit #PEInvesting #InvestmentStrategies #LongTermCapital #LongTermPartnerships #AzimutGroup Vittorio Pracca Brian Farrell Stephane M.