Inflexion sells GP stake to Hunter Point Capital

Inflexion said in a statement that the deal will help it to grow its mid-market strategies in Europe, adding that HPC's investment will be passive. 

The deal marks HPC's first investment in a GP beyond the US. Last month, it also took a stake in US-based consumer-focused sponsor L Catterton, saying in a statement that it will help the sponsor to develop its new fund platforms. 

HPC also recently launched a GP Financing Solutions platform, designed to expand the suite of capital solutions including NAV-based loans and preferred financing solutions available to high-performing investment managers. 

The sponsor launched in October 2020 to seek minority stakes in mid-market alternative asset managers. It is headed by Bennett Goodman as executive chairman and Avi Kalichstein as CEO, both of whom are former executives of credit platform GSO Capital Partners, Blackstone and Carlyle. 

GP stakes, more common in the US, have started to take a foothold in Europe as a liquidity tool for sponsors. Armen is heading for its first deal after holding a EUR 150m first close on its inaugural fund, with Dyal Capital raising USD 12.9bn earlier this year for a vehicle that holds stakes in CVC and PAI. 

Inflexion's managing partners, Simon Turner and John Hartz, said in a statement that HPC will provide global connections and business-building capabilities. 

There will be no changes to the governance, investment process or day-to-day management of Inflexion, according to the statement. 

The sponsor is also currently preparing a bid for UK-based fund manager 7IM, as reported by Sky News. 

People
Inflexion - Simon Turner, John Hartz (managing partners).
HPC - Avi Kalichstein (co-founder and CEO), Bennett Goodman (executive chairman). 

 

 

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