MML Capital sells GP stake to Wafra and Investcorp

MML said in a statement that the investment will allow it to significantly enhance its global distribution capabilities.

MML Capital was advised by Houlihan Lokey, with Sidley Austin and Paul Hastings providing legal counsel. Fried Frank provided legal advice to Wafra and ISCG.

Constellation Capital closed the fourth iteration of its flagship fund on USD 1.5bn in November last year, to invest in emerging and growth alternative asset managers.

Around the same time, Investcorp told this new service that it was eyeing strong deal flow for its GP stakes strategy as many PE firms want to take advantage of good market conditions to deploy.

New entrants to the GP stakes market, particularly in Europe, have been driving a new wave of deals.

MML will continue to be run and majority owned by co-CEOs, Bal Johal and Ian Wallis, and the MML partners.

The investment will also facilitate the withdrawal from the business of Rory Brooks CBE, the current chair of MML, who co-founded the business in 1988. Rory will now concentrate his focus on philanthropy and public service.

MML said in a statement that the strategic investment follows its performance across its Partnership Capital strategies, plus a new focus on Value-Added Infrastructure.

The sponsor registered MML Capital Partners VIII in December 2022. It kicked off the deployment of its new, lower-mid cap strategy targeting B2B companies earlier this year.

People
MML Capital - Bal Johal, Ian Wallis (co-CEOs).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• GPs
• UK / Ireland
• Financials
• MML Capital Partners
• Investcorp
• United Kingdom