Sean Ward, Senior Managing Director at Blue Owl's GP Strategic Capital, shares insights from his extensive career in finance and legal. He discusses the evolution of GP stakes investing, highlighting key milestones like Bain Capital's $1 billion post-GFC investment. Ward emphasizes the importance of legal expertise in crafting tailored agreements and navigating regulatory challenges. He explores how GP stakes can enhance capital management for asset managers and the strategic differences between private equity and venture capital, shedding light on the unique opportunities in alternative asset management.