Private equity and real estate firm GI Partners is considering a minority stake sale, Bloomberg News reported, citing people familiar with the matter who asked not to be identified because they were not authorized to speak publicly.
According to the people, GI Partners is working with Evercore Partners Inc. to consider a number of options, including a sale of a piece of its holding company to an outside investor.
The sources added that no decision has been made so far and GI Partners could choose to remain entirely independent.
Citing an interview with Tom Bratkovich, founder and managing director of Longview Investment Partners, which advises on such deals, the news outlet noted that there were about 10 to 15 deals for stakes in alternative asset managers in 2017, in the $100 million to $500 million range. Bratkovich said there are 10 transactions in 2018 that he knows of so far that are pending or completed.
San Francisco-based GI Partners' private equity team seeks to invest up to $500 million in industries including healthcare, software and information technology, the report noted, citing the firm's website. The firm's real estate focus includes logistics-based warehouse and distribution facilities and technology-advantaged properties like data centers, according to the report.
