XENTURY

🎄✨ Season's Greetings from Xentury! ✨🎄 As we reflect on this time of year, we’re reminded of the importance of community, resilience, and standing together in challenging moments. Our thoughts are with everyone affected by recent events in Magdeburg, and we extend our deepest sympathies to all impacted. As the year comes to a close, we at Xentury are filled with hope and determination for the journey ahead. Together, we look forward to building partnerships that create lasting impact and a better future. Wishing everyone a peaceful and safe holiday season from all of us at Xentury. #SeasonsGreetings #Xentury #Community #VisionAndPartnership

🔴 Many emerging managers that falter often share a common issue: poor alignment and governance. How can you detect the right managers? 🟢 Here is Maryna Gulenko’s post with a helpful framework for manager selection 👇

What is behind the strong performance of GP stakes funds? 📈   More at our 📅 Webinar & Fireside Chat on GP Stakes Investing on 2nd December.   We will cover and discuss with you: 🔹 GP stakes market and its various players 🔹 Insights into large-cap GP stakes investing with Antonis Maggoutas from Blue Owl Capital 🔹 Exciting insights into GP seeding with Yolanda Schmidtke from XENTURY   🎯 Who Should Attend? Institutional investors, pension funds, family offices, and endowments 📅 Date & Time: 02.12.2024, 10:00 AM – 11:00 AM CET 🌐 Language: English   Many thanks to Christian Chaki for the moderation 🙏   If you are interested, send us a private message with your email to receive an invitation.   #GPStakesInvesting #PrivateEquity #PortfolioGrowth #InvestmentStrategies #AlternativeInvestments

The best time in real estate is NOW…   We often get asked, ‘Do you really believe it’s still a good idea to invest in real estate?’   Here’s the answer from Jon Gray, President and COO of Blackstone, the world’s largest alternative asset manager:

The rise of 𝐆𝐏 𝐬𝐭𝐚𝐤𝐞𝐬 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 - acquiring minority ownership in an asset management firm - has reshaped private markets and PitchBook has it well summarized. At XENTURY, we’re taking a different path differentiating us from mid-market / large-cap GP stake investors. Our approach is a powerful blend of real estate returns and upside from additional gained GP stake.  Here’s how we differ from large / mid-cap GP stake investing: 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 𝐘𝐢𝐞𝐥𝐝: We allocate as an anchor investor to the 𝐫𝐞𝐚𝐥 𝐞𝐬𝐭𝐚𝐭𝐞 products of emerging managers. 𝐘𝐢𝐞𝐥𝐝 𝐊𝐢𝐜𝐤𝐞𝐫 𝐟𝐫𝐨𝐦 𝐆𝐏 𝐒𝐭𝐚𝐤𝐞𝐬: We secure a 𝐟𝐫𝐞𝐞 𝐦𝐢𝐧𝐨𝐫𝐢𝐭𝐲 𝐬𝐭𝐚𝐤𝐞 in the emerging asset management company (GP) without a significant upfront investment in return for our real estate anchor investment. Consequently, we take real estate risks while also participating in GP economics via the GP stakes. #RealEstateInvestment #GPStakes #EmergingManagers #PrivateEquity #RealEstateFunds

💡 Real Estate + GP Stakes – A Winning Combination 💡 With XENTURY, we provide anchor capital for real estate funds led by emerging, founder-led real estate asset managers. Simultaneously, we also secure a free minority stake in the asset management company (GP), enabling our investors to benefit from both ongoing real estate returns and the equity upside of the GP stake. 🌟 A big thank you to everyone who joined today’s webinar and fireside chat! 🙌 📅 Our next session will be in English, and we’ll share the details with you soon. Stay tuned! #RealEstate #GPStakes #Investing #AssetManagement 

Wie kommt es zu der starken Performance von GP Stakes Fonds? 📈 Mehr dazu bei unserem 📅 Webinar & Fireside Chat zu GP Stakes Investing am 22.10. Wir covern und diskutieren mit Ihnen: 🔹 GP Stakes Markt mit den verschiedenen Playern 🔹 Insights zu Large Cap GP Stakes Investing mit Antonis Maggoutas von Blue Owl Capital 🔹 Spannende Einblicke ins Seeding von GPs mit Yolanda Schmidtke von XENTURY 🎯 Wer nimmt teil? Institutionelle Investoren, Family Offices und Stiftungen 📅 Datum & Zeit: 22.10.2024, 10:00 – 11:00 Uhr CET 🌐 Sprache: Deutsch 🇩🇪 ✉️ Schicken Sie uns einfach eine kurze Nachricht mit Ihrer E-Mail-Adresse, und Sie sind dabei. Danke Christian Chaki für die Moderation 🙏 #GPStakesInvesting #PrivateEquity #PortfolioGrowth #InvestmentStrategies #AlternativeInvestments

#Lessons learned: Alignment is the key to long-term success. In my previous role, I had the privilege of seeding 4 GPs with a platform approach that always takes majority stakes. However, in my new journey at XENTURY, we’ve shifted our focus to seeding GPs with minority stakes. Why the change? Taking a minority stake helps keep founders aligned with long-term performance and creates better outcomes for all stakeholders. In contrast, while majority stakes provide control, they often result in a misalignment of interests between GPs and LPs. Here’s a breakdown of the key differences between majority and minority GP stakes, along with the takeaways from my experience. Majority GP Stake: ✅ Provides full control over decisions and strategy. ❗ Often leads to misalignment between GP and LP interests. ❗ Creates pressure to grow AUM over prioritizing fund performance. ❗ Can lead to inefficiency and internal politics from resource allocation within the asset management platform. Minority GP Stake: ✅ Founders maintain control, ensuring alignment with LPs. ✅ Focuses on long-term performance rather than short-term gains. ✅ Fosters greater alignment between all parties, promoting sustainable growth. ✅ Easier to secure stakes in entrepreneurial and reputable emerging GPs who value control and self-driven growth. With our new strategy, we are prioritizing performance. Highly entrepreneurial and capable GPs, who are well-positioned to deliver impressive results independently, are less likely to give up majority control. Taking a minority stake, in contrast, is more appealing to these GPs and keeps them motivated to succeed, as they retain control and remain aligned with long-term performance. This shift allows us to better align with the long-term interests of both GPs and LPs, leading to more sustainable and successful partnerships. #GPStakes #GPSeeding

Our team will be at ExpoReal in Munich for all three days! Join Yolanda Schmidtke, Junxuan (JX) He and Christian Chaki from ASCENTIA Institutional Partners GmbH! Our mission? Investing in emerging founder-led asset managers to drive superior risk-adjusted returns. Let's connect! Send us a PM to schedule a meeting. 💬 Happy to see you there!