Stephen Otter is the Head of Private Markets Royalties with close to 20 years of industry experience. Stephen built and ran the royalty strategy of PG3 AG (which is the family office of the Partners Group co-founders) since July 2021. Previously and from January 2014, Stephen worked at FlowStream Commodities, a KKR backed energy royalty & streaming company, where as Head of Business Development, he was responsible for originating and executing royalty & streaming transactions globally. Prior to his role at FlowStream, Stephen spent close to a decade in Investment Banking in London where he was focused on M&A and capital raising. Stephen graduated with first class honours in Economics from the London School of Economics.