E232: The CIO of Hunter Point Explains the New Era of GP Stakes Investing

In this episode of the "How I Invest" podcast, David Weisburd interviews Melvin Hibberd, CIO of Hunter Point, about GP stakes investing. Hibberd discusses Hunter Point's strategy of being a strategic partner to leading private market GPs, avoiding auction dynamics to foster better alignment, and offering solutions beyond just capital. He emphasizes the importance of building trust and long-term relationships, customizing deals to meet the specific needs of GPs, and providing value through strategic support like capital formation, product innovation, and procurement. Hibberd also addresses the evolution of the GP stakes market, the benefits of an evergreen fund structure, and how Hunter Point differentiates itself from competitors through its independence and focus on proprietary transactions. He touches on portfolio construction, risk mitigation, and the factors that contribute to the success or failure of GP stakes investments, as well as the lessons he has learned since launching Hunter Point.