What GP House does

GP House B.V. is an independent investment firm headquartered at Herengracht 479 in Amsterdam, Netherlands, founded in 2021 by Volkert Doeksen, Erik Thyssen, and Maarten Vervoort — three former executives of AlpInvest Partners (which managed USD 65-78 billion in assets under management before its acquisition by The Carlyle Group). The firm acquires minority equity stakes in established private market managers, providing capital alongside organizational, governance, and capital structure support while allowing the investee managers to retain full independence and control. The firm does not operate a traditional fund-of-funds structure; rather, it takes direct minority equity positions in the management companies of private market GPs.

GP House targets established private market firms with proven track records that seek an aligned, experienced capital partner to support their next stage of growth without ceding control. The firm reports it is fully owned by its management team with no external institutional investors and discloses no proprietary technology platform. Its go-to-market is relationship-driven and network-based: sourcing occurs through the institutional connections of its founders, Partner Philip Viergutz, and Advisory Partners Frans Tieleman (former Eurazeo Managing Partner, Leto Partners Founder, and Chairman-elect of Invest Europe) and Gerard van Olphen (former Chairman of APG and Volksbank).

The firm employs 1-10 people, including the three co-founders, one Partner, one Senior Associate, and two Advisory Partners. Revenue mechanics derive from equity appreciation and distributions on its portfolio of GP minority stakes; no management fee structure, AUM, portfolio holdings, or financial returns are publicly disclosed. Marketing and distribution rely on direct professional networks and a LinkedIn presence, with no disclosed paid channels, intermediaries, or institutional salesforce.

Name

GP House

Legal name

GP House B.V.

Website

https://gp-house.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

GP House is an Amsterdam-based independent investment firm founded in 2021 that acquires minority stakes in established private market managers. Founded by former AlpInvest Partners executives, it provides capital, governance support, and strategic alignment while preserving manager independence and control.

Ownership category

akta.pro rank

Product category

Private Equity Investment Services

NAICS

Other Financial Vehicles (52599), Other Financial Vehicles (525990)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Secondary Fund Stakes (GP/Manager Stakes in Secondary GPs) (FSANAFAD)

akta.pro secondary industry

GP-led Continuation Funds (Single-Asset & Multi-Asset) (FSANAFAB)

Keywords

• Minority stake investment
• Private market partnerships
• Investment firm
• Private equity capital
• Manager minority stakes

Headquarters

HQ city

Amsterdam

HQ country

Netherlands

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Investment Returns from Minority Stakes: GP House generates returns through acquiring minority stakes in private market managers. The investment model is centered on alignment with partners, providing capital structure and governance support while generating returns on invested capital through equity appreciation and distributions from private market fund structures.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

GP House is an independent investment firm that acquires minority stakes in established private market managers. The firm provides capital, organizational set-up, and governance support, enabling partner managers to pursue their next stage of growth while maintaining full independence and control. Terms of each investment partnership are negotiated individually rather than priced through a published schedule.

Product overview

GP House is an independent investment firm offering a single core service: minority stake acquisitions in private market managers. The firm provides capital, organizational set-up, and governance support to enable private market managers to achieve their strategic goals while maintaining full independence and control. GP House partners with established private market firms with proven track records, adding value as a minority investor.

Differentiator

Problem solved

Functional benefit

Products and services

• Minority Stake Investment Services

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor.

• Leto PartnersminorStrategic or Co-development PartnerAdvisory Partner Frans Tieleman is Managing Partner and Founder of Leto Partners, a lower mid-market private equity firm based in Paris. Frans also serves as Chairman-elect of the Board of Directors of Invest Europe.
• Invest EuropeminorStrategic or Co-development PartnerAdvisory Partner Frans Tieleman serves as Chairman-elect of the Board of Directors of Invest Europe, the European private equity industry association.

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Direct peers

• Intermediate Capital Group (ICG): ICG has a GP Solutions / Strategic Capital business that acquires minority stakes in alternative managers. Comparable in target market (established GPs seeking capital partners) and structuring flexibility, though at significantly larger scale as a listed firm.
• LGT Capital Partners: Swiss-based private markets firm with minority GP stake and seeding capabilities. Comparable boutique-style player focused on providing capital solutions to mid-sized alternative managers, overlapping with GP House's target segment.
• Blackstone GP Stakes (formerly Dyal Capital): Blackstone's GP Stakes platform (acquired via Dyal Capital) is the largest dedicated acquirer of minority equity interests in private market GPs globally. Most directly comparable to GP House in strategy (minority GP stakes) and target customer (established PE/credit/infrastructure managers), but at far greater scale and brand recognition.
• Blue Owl Capital (GP Stakes / Owl Rock): Blue Owl Capital's GP Stakes strategy acquires minority interests in private markets GPs as a permanent capital platform. Public alternative asset manager with substantial dedicated GP Stakes capital, competing directly for the same target GPs as GP House.
• Petershill Partners: Petershill Partners (Goldman Sachs spin-out listed on LSE) acquires minority stakes in alternative asset managers. Direct competitor to GP House in the GP Stakes space, with a publicly disclosed portfolio, established track record, and institutional capital base that GP House lacks.

Emerging players

• StepStone Group: StepStone has expanded into GP minority / strategic capital solutions alongside its core secondaries and co-invest platform. Comparable buyer of GP stakes with established institutional relationships, operating as a multi-strategy alternative rather than a dedicated GP Stakes fund.
• Berkshire Partners (manager recapitalization practice): Berkshire Partners has selectively executed minority recapitalizations of private market managers. Comparable in GP recap structure and target segment (mid-sized managers), though not exclusively a GP Stakes specialist like GP House.
• Sixth Street (TAO Capital): Sixth Street (TAO Capital platform) has actively acquired minority stakes in alternative asset managers. Comparable buyer of GP stakes with flexible capital, often competing with GP House for minority recap opportunities in mid-sized PE and credit managers.

Broad incumbents

• Goldman Sachs Asset Management (GP Stakes / Petershill heritage): Goldman originally built the Petershill GP Stakes franchise and continues adjacent strategies at scale. Comparable buyer of manager stakes, with broader balance sheet and platform, but GP House competes for many of the same mid-sized manager targets.
• Schroders Capital (including BlueOrchard and minority manager strategies): Schroders Capital operates minority stake / GP minority investments within a broader alternative asset management platform. Comparable as a buyer of GP interests, though offers a much wider product range (PE primaries, secondaries, co-invest, direct lending) than GP House's focused model.

Market position

Strengths4 records

Weaknesses3 records

Competitive moat3 records

Key risks4 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/gphousebv

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GP House