Why GP consolidation is on the rise in Asia

“GPs are being run more like the businesses that they acquire,” said Justin Niessner, associate editor of the Asian Venture Capital Journal.Consolidation among general partners is on the rise globally. Last year, BlackRock acquired HPS Investment Partners. Before that, the firm also acquired Global Infrastructure Partners in 2024.Asia is primed for M&A among GP firms, partly due to the prevalence of founder-led firms in Asia and the need for a succession plan.In this episode of Dealcast, Niessner joins Julie-Anna Needham to discuss the consolidation of GPs in Asia and why GPs and LPs may, or may not, find further integration attractive.The episode dives into what GPs need to make a transaction successful and to make LPs comfortable, where it is happening in the market, and how the mega-sizing of firms may actually lead to the rise of more independent ones.