Campbell Lutyens 2025 Private Markets GP M&A snapshot
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We are pleased to publish our first ever Private Markets GP M&A Snapshot, a proprietary analysis of GP-level dealmaking in private markets.
2025 was an unprecedented year for private markets GP M&A deal volumes, growing 40% against the prior year. Meanwhile 2026 looks set to continue this trend, with recent significant transactions like EQT’s acquisition of Coller Capital and CVC’s acquisition of Marathon speaking to structural shifts in the asset management landscape.
Demand continues to be driven by consolidation and the search for durable growth, while on the supply side, GP-level partnerships remain highly attractive for founders and management teams.
The 2025 Private Markets GP M&A snapshot leverages our proprietary data set and the expertise of the GP Capital Advisory practice to provide insight on the GP landscape at this inflection point in deal-making.
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