Fund of Funds Managers Interested in Co-Investments

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The Facts Fund of Funds Managers Download Data

Preqin data confirms a strong appetite for co-investments, with a vast majority of private equity fund of funds managers actively investing in such opportunites. Francesca Braganza looks at the latest data for private equity fund of funds managers considering co-investments.

Fig. 1: Proportion of Private Equity Fund of Funds Managers Fig. 2: Private Equity Fund of Funds Managers Interested in that Are Interested in Co-Investment Opportunities Co-Investment Opportunities by Manager Location

3% 4% 8% Invest in Co-Investment Opportunities 24% North America

Do Not Invest in Co- Europe Investment 49% Opportunities Asia

Consider Investing in 39% Rest of World Co-Investment 73% Opportunities

Source: Preqin Investor Intelligence Source: Preqin Investor Intelligence

Fig. 3: Types of Funds that Private Equity Fund of Funds Managers Have a Preference for Co-Investing Alongside

90% 83% Data Source 80% 70% 61% Preqin’s Investor Intelligence has detailed proﬁ les for over 60% 180 private equity fund of funds managers that are interested 50% 46% in co-investment opportunities. 40% Proﬁ les include key contact information, investment 30% preferences, information about allocations, known investments 19% 19% 20% 14% and more. 10%

Proportion of Fund Managers 10% 3% 0% For more information, or to arrange a demonstration, please visit: Other Buyout Debt Growth Capital Special Venture

Situation www.preqin.com/ii Distressed Mezzanine Turnaround Fund Type Source: Preqin Investor Intelligence

Fig. 4: Five Largest Co-Investment Multi-Manager Vehicles* Currently in Market

Fund Firm Target Size (mn) Fund Status Hamilton Lane Co-Investment Fund III Hamilton Lane 1,000 USD Raising BlackRock Private Opportunities Fund III BlackRock Private Equity Partners 500 USD Third Close AXA Co-Investment Fund IV Ardian 400 EUR Third Close Performance Direct Investments III Performance Equity Management 400 USD Raising SL Capital European Co-investment Fund SL Capital Partners 250 EUR Raising Source: Preqin Funds in Market *A co-investment multi-manager vehicle is a ﬁ nancial instrument that seeks to co-invest in the deals of more than one fund vehicle. They are differentiated from co-investment funds which are created for the purpose of co-investing in the deals of a single vehicle or in a single deal.