# Inside the GP Stakes Opportunity with RidgeLake Partners’ Todd Milligan Page: https://stenobird.com/podcast/private-market-talks-conversations-and-insights-on-the-private-markets-with-private-capital-s-leading-figures-6037940/inside-the-gp-stakes-opportunity-with-ridgelake-partners-todd-milligan Text version: https://stenobird.com/podcast/private-market-talks-conversations-and-insights-on-the-private-markets-with-private-capital-s-leading-figures-6037940/inside-the-gp-stakes-opportunity-with-ridgelake-partners-todd-milligan.md Podcast: [Private Market Talks: Conversations and insights on the private markets with private capital’s leading figures.](https://stenobird.com/podcast/private-market-talks-conversations-and-insights-on-the-private-markets-with-private-capital-s-leading-figures-6037940) Published: 2026-02-25T16:22:13+00:00 Episode link: https://privatemarkettalks.proskauerpodcasts.com/e/inside-the-gp-stakes-opportunity-with-ridgelake-partners-todd-milligan/ Audio file: https://mcdn.podbean.com/mf/web/hpxcw5rgr57nsngk/PMT_-_Episode_40_with_Todd_Milligan_edited_episode-_V66v2mr.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/private-market-talks-conversations-and-insights-on-the-private-markets-with-private-capital-s-leading-figures-6037940/episodes/inside-the-gp-stakes-opportunity-with-ridgelake-partners-todd-milligan Duration seconds: 2748 ## Resource What’s driving the growth of GP stakes investing, and where is the opportunity today? In this episode of Private Market Talks, Todd Milligan, co-head of RidgeLake Partners, joins partner Howard Beber to discuss the evolution of GP stakes and why the middle market has become a key focus for long-term partnerships. Todd shares how RidgeLake approaches minority equity investments, the role GP stakes can play in growth and succession planning and why culture and alignment matter more than ever. During the conversation, Todd and Howard also explore how LP perceptions have shifted, how deals are sourced in a relationship-driven market and what’s ahead for GP stakes as private markets continue to mature. ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/private-market-talks-conversations-and-insights-on-the-private-markets-with-private-capital-s-leading-figures-6037940/episodes/inside-the-gp-stakes-opportunity-with-ridgelake-partners-todd-milligan/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/private-market-talks-conversations-and-insights-on-the-private-markets-with-private-capital-s-leading-figures-6037940/inside-the-gp-stakes-opportunity-with-ridgelake-partners-todd-milligan.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.