Private Equity
What Is Fund Recapitalization? How GPs Buy Time While Investors Bear the Risk
TL;DR: Fund recapitalization ("recap") is when a general partner (GP) moves assets out of an old, underperforming fund and into a new investment vehicle, resetting the clock and often the capital...
Jeff Barnes, MBA··10 min read
Real Estate
Ardent's Self-Storage Continuation Vehicle: What LPs Should Ask StepStone Deal
The Ardent Companies just closed a GP-led continuation vehicle backed by StepStone Group, seeded with eight self-storage assets and structured to deliver the first exit for Fund II investors and...
Jeff Barnes, MBA··10 min read