Who are the players in private markets?

Private markets work like a well-organized team — each role has its task. When you understand these roles, you'll see how private markets work — and how you can benefit from them:

1. LPs — Limited Partners

‍These are the investors who provide the capital. Think of pension funds, insurance companies, foundations, or wealthy families. They don't make deals — they finance them.

2. GPs — General Partners

‍The experts who manage the investment funds. They collect capital from LPs, identify investment opportunities, manage companies and — if everything goes well — sell them for profit. In return, they receive a management fee and a share of the profit (the so-called “carry”).

3. Fund manager

‍Fund managers, often synonymous with GPs, are the professionals who decide what to invest in, when and why. Some specialize in early-stage startups, others in infrastructure projects worth billions or established companies with growth potential.

Together, these players form a financial ecosystem that moves billions a day — quietly, privately and far away from public headlines.

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