Co-investments

NYC’s pension system is preparing to deploy $7bn-$8bn into private equity, a signal that despite setbacks and what many LPs consider underperformance of late, a top investor is fully on board with the asset class.

Global CIO William Chan tells PEI how the $130bn insurer picks GPs, its selection criteria for continuation vehicles and why it is wary of semi-liquid funds.

In this eight-minute video, the asset management arm of European insurer Munich Re's Gregory Schmitt discusses what he looks for in a GP and how his team treats co-investment opportunities.

In this nine-minute interview, Alaska Permanent Fund's deputy CIO says prioritising distribution ratios as a metric will cause GPs to do 'very unnatural things'.

In order for savvy investors to capitalise on co-investment opportunities, there are many commercial, legal and advisory considerations they need to get smart on, say Ropes & Gray’s Michael Gilbert and HarbourVest’s Seth Palmer.

Favourable economics and inherent diversification are drawing more LPs to co-investment, says Patrick Kocsi, co-head of co-investment at Ardian.

Co-investors can add value through the lifecycle of an investment without interfering in the day-to-day operations, say Lindsay Creedon and Darren Friedman, partners at StepStone Group.

A second Trump term is unlikely to impact the momentum that has built behind an economically rational energy transition, says Lorenzo Fusco, private equity investment manager at Pictet.