For example, what does it mean that Lazard purchased a 45% non-controlling interest in some fund of funds firm? What implication does it have for both Lazard and the fund?
| +267 | Why UBS Is the Worst Place to Start Your IB Career | 40 | 1d |
| +219 | UBS 2nd Year Analyst Q&A (2026) | 41 | 21h |
| +100 | What's your craziest "hardo" story? | 16 | 1d |
| +59 | UBS IB 26Q2 a Disaster! Advisory Revenue Down 23%, Capital MarketsDown 5% | 9 | 18m |
| +53 | Wolf of Wall Street vs. Reality: Anyone else feel scammed by the movies? | 19 | 10h |
| +50 | Suspended for a Year | 21 | 15h |
| +49 | Elite Boutique interview questions | 17 | 2d |
| +36 | so confused about 28 SA timeline | 31 | 6h |
| +32 | Rate my non-target resume | 18 | 20m |
| +27 | [WSO MODS] Please Delete This BS Host Books Spam! | 2 | 4h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
It means that they acquired a 45% stake in the General Partner's holding company (not the underlying investments). They are actually looking for exposure to the management fees and carried interest.
More and more institutions (GS's Peterhill, Neuberg Berman's Dyal...) are creating funds to invest in the GPs of hedge funds, PE funds or Fund of Funds.
Why? The founders of the funds are looking to exit the fund that they created + the constant winners in the investment industry are the GPs (management team), not the LPs.
So it means that the founders of the funds are not doing well so they want to exit? does it mean something bad for the fund?
Consequatur ad et cupiditate sit expedita enim. Vitae doloribus laudantium ea quo. Occaecati dolor et est illo.
Fuga qui ea nesciunt et ipsum hic voluptatem tempora. Nobis et vel saepe modi odio. Repellendus reiciendis exercitationem perferendis libero consequatur.
Accusantium ratione dolores qui facere voluptatem voluptatum. Error est rem porro quo. Omnis sed hic non corrupti sit quia.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...