Managing Partner Frank Angella speaks with Pitchbook on evolving trends in GP commitments and key LP considerations when assessing whether managers have ‘skin in the game.’ Investors should ascertain the source and composition of the GP commitments to get a true gauge of alignment. Read more here: https://pitchbook.com/news/articles/gp-commitments-private-equity-fundraising
Atlas Holdings exits its investment in International Wire Group (“IWG”), a leading designer and manufacturer of highly-engineered copper-based wire products with operations across the US and Europe. Atlas acquired IWG in April 2019 and transformed the business, unleashing strong growth and driving operational excellence. Olympus acquired IWG for $900M and Atlas will continue as a minority investor. GroveStreet first became an Atlas Holdings LP in 2014. Read more about the deal here: https://www.privateequitywire.co.uk/2023/04/21/320302/olympus-pay-900m-wire-maker-iwg