

What 99% of Investors Don’t Know About GP Stakes with Michael Rees
13 snips Jul 1, 2025
Michael Rees, Co-President of Blue Owl Capital and an expert in GP Stakes, dives into the booming world of private equity. He discusses how becoming a general partner opens diverse revenue streams, moving beyond traditional fee structures. Rees also shares his career journey from Pittsburgh to MIT, emphasizing the role of mentorship. The conversation touches on regulatory changes that aim to broaden access to private investments and the dynamic evolution of GP Growth Capital, urging listeners to explore untapped opportunities that exist within this asset class.
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Private Markets Early Growth Stage
- Private markets are still in early growth stages despite a decade of increased investing.
- The private economy's size and low capital allocations highlight massive untapped opportunities.
Equal Treatment for Investors
- Treat individual investors the same as large institutions in private markets.
- Aim to level the playing field so smaller investors get equally good experiences and returns.
Scale Essential for GP Firms
- GP firms need scale ($2-3B AUM) to attract institutional capital and thrive.
- Smaller, early-stage firms face survival challenges amid tightening fundraising and investor scrutiny.