Co-investments

Co-investments play a key role in its decision to partner with first-time funds and emerging managers, partner and head of Europe Rune Jepsen tells PEI.

Shortly after reaching its long-time goal of $1trn in AUM, Blackstone ushered in Lionel Assant and Kenneth Caplan as co-CIOs. We sit down with the pair to discuss how the newly created role will aid the firm in its future growth.

Emerging manager fundraising is down, with first-time funds globally raising around $25bn last year, compared with $47.6bn in 2022, according to data from affiliate title Buyouts

Active primary fund investing and increasing LP appetite for co-investments, secondaries and direct lending are indicative of Japan’s maturing private markets landscape, say Neuberger Berman’s Jonathan Shofet and Yoshi Yagisawa.

Alaska Permanent Fund Corporation’s director of private equity Allen Waldrop sat down with PEI’s Madeleine Farman on the sidelines of PEI Group’s NEXUS 2024 summit.

Already a prolific owner of alternatives managers via its balance sheet, global wealth manager AlTi will consider transitioning from LP to GP with the launch of a fund in this space.

Panellists at PEI Group’s NEXUS 2024 summit discuss the blurring of the lines between secondaries and co-investments.

The lower mid-market offers the most compelling co-investment opportunities at present, say Schroders Capital’s Jeremy Knox, Vahit Alili and David Bajada.

With fundraising sluggish and GPs often desperate for capital, LPs are in a stronger position to demand certain concessions on their ‘no-fee’ co-investments.

Superior sourcing, diligence and execution capabilities are all reasons why investors should consider working with a co-investment manager, say Erik Wong and Matt Cashion, partners in Pantheon’s global co-investment team.