Co-investment craze ‘will cause casualties’

Private equity assets under management are growing at a healthy clip, but increasingly through co-investment deals and other non-traditional arrangements. Fund raising for traditional blind pools managed by PE specialists has grown tougher, as reported, leading some market participants to wonder when some of the new types of structures could fail. Limited partners (LPs) – that is, investors – have grown more keen on entering direct deals in alignment with their general partners (P…