Bluegem CFO Burke Reflects on Successful GP Stake Sale
Deal News | Jul 31, 2025 | BlueGem Capital Partners
In June 2025, Bluegem Capital Partners, led by CFO Rebecca Burke, sold a minority GP stake to Lagfin. This strategic partnership was Bluegem's first experience with such a deal, likened by Burke to entering a marriage due to its long-term nature and alignment of values and strategy. The transaction aligns with a trend of increasing GP stake deals in Europe amidst a market slowdown. Burke, drawing from her extensive industry experience and unique approach, emphasized the importance of finding the right strategic fit beyond mere financial considerations. The GP stakes deal was motivated by a desire for succession and liquidity, with Emilio Di Spiezio Sardo succeeding Marco Capello as CEO. The deal also highlighted the need for thorough due diligence and strategic alignment on various operational aspects. Bluegem is now waiting for regulatory approval to complete the transaction.
Sectors
- Private Equity
- Investment Advisory
Geography
- Europe – The GP stakes market is active in Europe, aligning with the article's context of increased transaction numbers.
- United Kingdom – Bluegem Capital Partners is based in London, UK.
- Italy – Lagfin and Bluegem have Italian connections, relevant in the strategic partnership.
Industry
- Private Equity – The article discusses a GP stake transaction, a prevalent trend in the private equity sector.
- Investment Advisory – The deal between Bluegem and Lagfin involves strategic partnership and investment management, central to investment advisory services.
Financials
- $4.4bn – Total capital raised by GP stake funds in Europe, according to the 2025 Global Private Markets Report by McKinsey.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bluegem Capital Partners | Seller | Company | A private equity firm that sold a minority GP stake to Lagfin. |
| Lagfin | Buyer | Company | The company that purchased a minority GP stake from Bluegem. |
| Rebecca Burke | CFO | Person | CFO of Bluegem Capital Partners, overseeing the GP stakes deal with Lagfin. |
| Emilio Di Spiezio Sardo | CEO | Person | Co-founder of Bluegem, succeeding as CEO following the GP stake sale. |
| Marco Capello | Former CEO | Person | Co-founder of Bluegem, succeeded by Emilio Di Spiezio Sardo as CEO. |