CAZ targets private-asset managers with new GP stakes fund

CAZ Investments has launched a new GP stakes fund aimed at wealthy individuals, expanding access to one of private markets’ fastest-growing strategies amid a sustained boom in secondaries activity.

The CAZ GP Stakes Fund will invest in minority stakes of private-asset managers, allowing investors to gain exposure to long-duration fee income, carried interest, and co-investment revenues. The fund will be offered through major wealth-management programmes, with daily subscriptions and quarterly liquidity.

CAZ already owns minority interests in more than 100 private-asset firms and has invested over $6bn into GP stakes across private equity, credit, and real estate. The firm said the growth of secondaries has made it easier for asset managers to monetise ownership stakes while retaining operational control.

“To our knowledge, this is the first time investors can participate in the growth and potential profitability of private asset managers with the simplicity and ease of a registered vehicle,” said Christopher Zook, CAZ’s chief investment officer. “The launch of the CAZ GP Stakes Fund is the latest milestone in our mission to provide access to these investments through our expanding network.”

The launch reflects intensifying competition among private-markets managers to capture capital from high-net-worth individuals, as institutional investors slow new commitments amid portfolio constraints.

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