According to a recent report by Campbell Lutyens, GP stakes and GP M&A transactions reached record levels in 2025, with deal volume increasing 40% year-on-year. The research recorded 164 private markets GP transactions in 2025 versus 117 in 2024, as the continued maturation of the alternatives universe is driving managers to seek optionality and capital to fund the next wave of platform growth.
Drivers of Activity
For GPs, both new and established, GP stake sales can provide numerous advantages.