Direct minority investments alongside lead managers in high-conviction transactions.

Overview

Co-investments allow institutional investors to invest directly into individual transactions alongside a sponsor — without the management fee and carried interest paid on a primary fund commitment. They enhance returns through fee efficiency, deepen exposure to a manager's best ideas, and strengthen the LP-GP relationship.

Key elements:

• Transaction-level due diligence and asset-by-asset underwriting

• Sourced through established manager relationships in our coverage universe

• Used to concentrate exposure in primary commitments where conviction is highest

• Disciplined portfolio integration to avoid over-concentration