P10, Bonaccord Bring GP Stakes to CAIS Platform

GP stakes strategies are moving further into the wealth channel as P10 and Bonaccord Capital Partners make their offerings available on the CAIS platform, opening access to more than 62,000 financial advisors nationwide. 

Bonaccord, a private equity firm that provides growth capital to private markets sponsors, will join CAIS, which serves more than 2,000 wealth management firms. The launch comes as advisor appetite for alternatives continues to deepen. According to a recent CAIS survey conducted with Mercer, 90% of financial advisors currently allocate to alternative investments, and 88% expect to increase those allocations over the next two years. 

P10 manages more than $40 billion in assets as of September 30, 2025, investing across private equity, private credit, and venture capital strategies focused on the middle and lower-middle market. Bonaccord operates as part of P10, providing GP stakes capital primarily to private equity, credit, real estate, and real assets managers. 

“We’re excited to bring P10’s middle-market expertise to a broader audience of financial advisors and their clients,” said Luke Sarsfield, chairman and CEO of P10. “This collaboration represents an important step in broadening our reach and supporting advisors as they incorporate GP stakes into their clients’ portfolios.” 

Interest in the strategy is gaining traction beyond institutions. “Historically dominated by institutions, GP stakes are increasingly considered by advisors as part of thoughtfully constructed client portfolios,” said Brad Walker, president of CAIS. 

Bonaccord closed its second GP stakes fund at $1.6 billion in January 2025 and has recently expanded its portfolio, including a minority investment in Kingswood Capital Management.