The Succession Cliff: How Hunter Point Built a Full-Spectrum GP Solutions Platform - Melvin Hibberd - CIO at Hunter Point Capital
The episode gives wealth professionals a manager-side view of strategic capital and succession in private markets, including the gap between LP expectations and GP planning. It draws on Hibberd's experience building GP stakes platforms and Hunter Point's current investing.
Summary
By the alternatives in wealth deskMelvin Hibberd, chief investment officer at Hunter Point Capital, joins Brandon Sedloff to discuss how GP solutions evolved from minority stakes into a broader menu of capital options, including preferred capital, NAV lending and commitment financing. They cover Hunter Point's platform, Hibberd's career path from engineering in northern England through a family office and Blackstone, and why succession planning is expected to drive transaction volume over the next decade.
- Succession planning is framed as a driver of transaction volume for the next decade, with only 38% of GPs having a plan while 96% of LPs say it matters.
- Managers' capital needs have expanded beyond permanent equity into preferred capital, NAV lending and commitment financing.
- The conversation examines what defines a persistent right to win when firms claim proprietary deal flow and differentiated sourcing.
- Bilateral partnerships are discussed as sometimes creating more value than broad auctions when aligning on growth, governance and long-term strategy.
Chapters
From the publisher’s description| Time | Chapter | Length |
|---|---|---|
| Intro | 3 min | |
| Introducing Melvin | 2 min | |
| Growing up in northern England | 3 min | |
| Engineering at Cambridge and summers in Japan | 2 min | |
| Starting at a family office | 2 min | |
| Business school and the intentional career path | 4 min | |
| Building a GP stakes platform at Blackstone | 4 min | |
| Why leave Blackstone for Hunter Point | 7 min | |
| The evolution of GP solutions products | 4 min | |
| Building enterprise value in investment firms | 2 min | |
| Succession as a deal driver | 3 min | |
| What makes a persistent right to win | 12 min | |
| Advice for founders seeking capital partners | 3 min | |
| Where Hunter Point is investing today | 3 min | |
| Closing | 4 min |
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