LP co-investment deal value sees three-fold increase since 2013
By Elizabeth Pfeuti – As institutional investors, such as pension and sovereign wealth funds, build internal teams and grow increasingly sophisticated, they are wanting a more direct role in how their assets are allocated. Nowhere has this trend been more apparent than in the rise of co-investments with private equity partners.
In the last three months, major investors including some of the largest pension plans in the US have outlined their ambitions in this area.
Commenting on its newly inked partnership with GCM Grosvenor, chief investment officer of the USD31 billion South Carolina Retirement System Investment Commission Geoffrey Berg said he believed the program would allow the pension “to efficiently and seamlessly execute co-investments and become one of the premier co-investment partners to private equity sponsors”.