Co-investments

Big step-ups in the firm's recent fund sizes may be due to greater LP appetite for co-investing as a way to build private equity exposure on a no-fee, no-carried interest basis.

Some LPs have been frustrated by what they describe as a loophole in the GPs’ ostensible 80-100% management fee offset.

The firm is allocating about 25% of its co-investment strategy to Asia opportunities, head of APAC Sean Yoo tells Private Equity International.

PE sceptics 'have to acknowledge' that the asset class is worthwhile for LPs with the ability to significantly reduce their fee loads, Marcus Frampton tells PEI.

Tassilo Arnhold and Nassim Cherchali became co-managing partners at the financial services-focused firm last year in a management restructure.

This year's cohort of Future 40 investors have been making strides with their institutions' private markets programmes, from leading co-investments and sourcing emerging manager relationships to enhancing due diligence processes.

The challenging economic environment is expected to continue to generate compelling opportunities for both co-investment and secondaries strategies, say David Brett and Jeff Akers at Adams Street Partners.

Cbus now requires a co-investment ratio of at least 1:1 from any new GP relationship, CIO Brett Chatfield tells PEI.