Co-investments

The $37bn investment arm of Denmark’s Novo Nordisk Foundation is building a roster of homegrown GPs in Asia and growing its regional headcount, says managing partner Amit Kakar.

The fund of funds specialist's next Opportunity fund may include an ex-China sidecar to reflect shifting LP appetites, managing partner Alex Sao Wei Lee tells PEI.

LPs want more co-investments and are increasingly participating in more complex transactions with GPs.

With deal activity slowing, GPs are partnering up and ensuring that portfolio companies are agile and stress-tested, according to panellists from EQT, Eurazeo and Churchill Asset Management.

Institutional capital continues to flow into the co-investment market. With inflation high, interest rates on the rise and regulatory change on the horizon, managers need to work hard on returns.

Appetite for exposure to assets via co-investments and single-asset secondaries defied the pandemic last year.

Perceived challenges in the debt markets this year and the uncertainty around the route back from covid-19 makes group deals a viable alternative, writes Mayer Brown's James West.

PE firms are following a three-phase approach during the crisis, writes Gopal Tampi of Mizuho Americas.

Permira, Nordic Capital and EQT are all examples of GPs who have acquired minority stakes in assets they've just exited in so-called 'rollover co-investment' deals.

Delaney Brown, head of private equity funds, outlined the types of deals the pension giant prefers and governance issues it pushes for at the BVCA Summit in London on Thursday.